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Outsourcing by financial services firms: the supervisory response

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  • Jose A. Lopez

Abstract

This Economic Letter reviews both the supervisory concerns and the practices that have arisen in response to the expansion of outsourcing by financial services firms. Government supervisors have adopted general guidelines regarding how the inherent risks should be identified and mitigated. For the U.S. banking industry in particular, supervisors have established explicit procedures for monitoring the outsourcing activities of depository institutions to technology service providers.

Suggested Citation

  • Jose A. Lopez, 2004. "Outsourcing by financial services firms: the supervisory response," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue nov26.
    • Handle: RePEc:fip:fedfel:y:2004:i:nov26:n:2004-34
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    File URL: http://www.frbsf.org/publications/economics/letter/2004/el2004-34.pdf
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    File URL: http://www.frbsf.org/publications/economics/letter/2004/el2004-34.html
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    References listed on IDEAS

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    1. Jose A. Lopez, 2002. "What is operational risk?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue jan25.
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    2. Jose A. Lopez, 2003. "How financial firms manage risk," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue feb14.

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