Industry body turns its attention to the risks of outsourcing
MADRID - The International Organisation of Securities Commissions (Iosco) has released a consultation report on industry outsourcing best practices.
The document, entitled 'Principles for outsourcing by markets', looks at six areas in particular: due diligence in selecting and monitoring service providers; the outsourcing legal contract; business continuity management at the outsourcer; information security; termination procedures; and access to records for regular inspection and oversight.
The report builds on the existing report 'Principles on outsourcing of financial services for market intermediaries'. Iosco says the deadline for comments on the paper is May 20, 2009.
The consultation report may be downloaded here.
Get similar articles delivered to your inbox
UK, 11th - 14th Jun 2013
Singapore, 26th - 27th Jun 2013
UK, 3rd Jul 2013
USA, 19th - 20th Jun 2013
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.
Updating your subscription status
Risk IPad Apps