Banks in Asia turn to integrated third-party risk units
Regional and global firms create centres of excellence bridging first and second lines
As both risks and regulatory expectations grow and become more complex, banks operating in Asia are increasingly turning to centres of excellence to manage third-party relationships, according to experts.
“The direction of travel I’m seeing is that global banks with Asian hubs and some [Asian] banks have centres of excellence [COEs] to manage third-party risk, to provide a role in bringing it all
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