Growth of outsourcing makes geopolitical risk more threatening
Third-party suppliers can expose banks to unsuspected new political threats
Geopolitical risks have made headline news over the last few months. Russian-backed separatists continue to battle the Ukrainian military in eastern Ukraine. Fighting goes on between the Iraqi and Syrian governments and the extremists of the Islamic State movement. And, at the time of going to press, Israel and Hamas are just about managing to maintain a fragile, temporary truce. That's not to mention the kidnappings in Nigeria or the Ebola crisis sweeping across Liberia, Sierra Leone and Guinea
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