By Enrique MARCHESI-HERCE, Partner and Laureline SENEQUIER, Director Deloitte Tax Consulting
Outsourcing has never been so popular in the financial services industry. The benefits from cost effectiveness to operational excellence are undeniable. It drives innovation in an increasingly competitive business environment. Benefits aside, outsourcing comes with inherent strategic, operational, financial, compliance and legal risks. European regulatory agencies have been publishing guidelines to frame outsourcing governance and ensure that risks are addressed adequately.
European Supervisory Authorities (ESAs) formed by the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European Insurance and...
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