A guiding light for outsourcing

Special focus ERM

Wary

of the increasing risks associated with outsourcing in financial institutions, global financial regulators are pushing to harmonise regulations for outsourcing relationships in the sector.

The US Federal Financial Institutions Examination Council (FFIEC), the Committee of European Banking Supervisors (CEBS), and the Bank for International Settlements (BIS) Joint Forum have all released new guidelines for managing outsourcing risks.

The CEBS and the Joint Forum are explicit in their

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