FSB toolkit to tackle outsourcing risksBy Blake Evans-Pritchard
July 4, 2023
Sloppy third party service providers are costing banks millions in messy slip-ups and regulatory fines. Can the Financial Stability Board’s (FSB) new toolkit help mitigate the risk of outsourcing?
Banks are outsourcing record amounts of work to third party service providers, but there is a catch. If the ...
Discussions around operational risk are rippling further down bank supply chains due to regulators taking more interest in resilience as digitisation gains momentum. However, there are concerns that not enough...Read more