CRITICAL THIRD PARTIES: POWER IMBALANCES WITH CRITICAL THIRD PARTIES– PANEL DISCUSSION

Operating TPRM programs when vendors dictate terms.

• Managing monopolize across the supply chain in financial institutions
• Navigating audit refusals, data access limitations, and “take-it-or-leave-it” contracts
• Managing risk exposure when exit is unrealistic
• Escalation strategies when critical vendors underperform or resist oversight
• Using collective pressure, contractual leverage, and governance forums effectively