Outsourcing by financial services firms: the supervisory response
AbstractThis 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.
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Bibliographic InfoArticle provided by Federal Reserve Bank of San Francisco in its journal FRBSF Economic Letter.
Volume (Year): (2004)
Issue (Month): Nov 26 ()
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- Jose A. Lopez, 2002. "What is operational risk?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue Jan 25.
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