Joint Forum releases outsourcing guidelines
WASHINGTON, DC - The Joint Forum has released high-level guiding principles for regulated entities to follow when they outsource their activities.
The Forum is composed of the Basel Committee on Banking Supervision (Basel Committee), the International Organisation of Securities Commissions (Iosco) and the International Association of Insurance Supervisors (IAIS).
"It is not a regulator's job to take a stand for or against outsourcing. But if outsourcing makes business sense it should be done well from a prudential and consumer protection point of view. Using the Joint Forum's principles as a starting point will be a significant step in the
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