Global regulators tighten rules on banks outsourcing services

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Over resiliency and third-party risk management concerns.

Global regulators tighten rules on banks outsourcing services
Board directors of banks must take ultimate responsibility for outsourced services and document how they manage the risk of outages and disruptions to customer services, the global Basel Committee of banking regulators has proposed. Banks increasingly use third-party tech companies, such as ...

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bankcloudfinancial servicesoutsourcing

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