Offshore outsourcing poses serious risks for brokers

But while these financial institutions stand to reap financial and strategic benefits by outsourcing non-core functions, an expected gradual shift of trade processing functions overseas could eventually expose them to op risks.

TowerGroup senior analyst Dushyant Shahrawat, author of the report, explains that until securities firms begin outsourcing more mission-critical operations, a significant number of them seem willing to take on risks associated with moving back-office and IT operations

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