Stricter vendor regulation not ‘magic pill’, banks say

Third parties would still require oversight from banks, even if formally regulated

Magic regulation pill

Outsourcing experts at banks say implementation of stricter regulatory standards on vendors would not affect how they manage their third-party relationships.

As largely unregulated start-ups enter the financial industry in growing numbers – in response to increased demand from banks for their services – regulators have begun to question whether vendors should fall under similar standards as the institutional clients they serve.

But greater regulation of third-party providers won’t reduce the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: