IHS Markit names UBS as design partner
December 21, 2017

IHS Markit, a provider of critical information, analytics and solutions, today announced that UBS has become a design partner for KY3P, the firm's vendor risk management service.

The design partner group focuses on creating a high standard for assessing third-party risks, with a particular emphasis on information security due diligence. Barclays, Goldman Sachs, HSBC and Morgan Stanley are also design partners working with IHS Markit to advance KY3P.

"Assessing and monitoring information security and cyber risks across a broad range of third parties remains a key focus area for our industry and regulators," said James Oates, Global Head of Compliance & Operational Risk Control at UBS. "KY3P will enable UBS to manage these key risks more effectively, ensuring alignment with industry information and cyber security standards."

Joining as a design partner allows UBS to collaborate more closely with other financial institutions and contribute to further developing best practice for third-party risk management.





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IHS Markit, a provider of critical information, analytics and solutions, today announced that UBS has become a design partner for KY3P, the firm's vendor risk management service.

The design partner group focuses on creating a high standard for assessing third-party risks, with a particular emphasis on information security due diligence. Barclays, Goldman Sachs, HSBC and Morgan Stanley are also design partners working with IHS Markit to advance KY3P.

"Assessing and monitoring information security and cyber risks across a broad range of third parties remains a key focus area for our industry and regulators," said James Oates, Global Head of Compliance & Operational Risk Control at UBS. "KY3P will enable UBS to manage these key risks more effectively, ensuring alignment with industry information and cyber security standards."

Joining as a design partner allows UBS to collaborate more closely with other financial institutions and contribute to further developing best practice for third-party risk management.



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