| Managing the risk of outsourcing in the financial services sector |
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| With ever-greater competition in the financial services sector, financial institutions are increasingly outsourcing non-core business processes and functions in order to find new efficiencies, reduce costs and increase shareholder value. Outsourcing presents particular challenges for financial institutions as regulated entities, as they will remain responsible to their supervisory authorities and customers for the actions of the service providers to whom they outsource, writes Anne-Marie Bohan of Matheson Ormsby Prentice. |
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