服务外包英文文献

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1、Outsourcing:theregulatorychallengeforfinancialservicesfirmsRuthM.EvansRuthM.Evans(Ruth.AbstractEvans@cclcompliance.PurposeToexplaincurrentguidelinesforoutsourcingasprovidedbytheJointForum,theEUMarketscom)isaSeniorConsultant,inFinancialInstrumentsDirective(MiFID),andtheUKFinancialService

2、sAuthority.withTheCCLPartnership,Design/methodology/approachAfterdiscussingtheinternationalregulatoryfocus,describesFSALondon,UK.policyonoutsourcingindetail,includingseniormanagementresponsibilityformanagementofriskandtheneedforinternalandexternalduediligence.Providesguidanceconcernin

3、gsuppliercontracts,relationshipmanagementandmonitoring,contingencyplanning,andexitplanning.FindingsTheFSAsguidanceonoutsourcinghighlightstheneedforseniormanagementofthecustomerfirmtotakefullresponsibilityfortheincreasedrisksthatoutsourcingcangenerateaspartoftheirinherentaccountabilityf

4、orefficientsystemsandcontrols.Originality/valueAguideforensuringthatafirmsoutsourcingarrangementsareincompliancewithFSAandMiFIDguidelines.KeywordsOutsourcing,Financialservices,UnitedKingdomPapertypeGeneralreviewIntroductionInthisarticlethetermoutsourcingisusedtodescribetheprocesswhereby

5、afirm(‘‘thecustomer’’)contractswithathirdparty(‘‘thesupplier’’)fortheadministrationofsomeaspectoraspectsofitscommercialactivities.Theterm‘‘offshoring’’isusedifthisisexUK.IthasbecomeincreasinglycommonforregulatedfirmsbasedintheUKtooutsourcecoreactivities,perhapsaspartofamulti-facetedstra

6、tegysuchasalifeassuranceclosed-bookacquisitionorafullcorporatere-structuring.However,evenwheretheoutsourcingdoesnotinvolveacoreactivityitmaynonethelessbematerialtotheoverallriskprofileofthefirm.Mostcommonly,thepurposeofoutsourcingistoachieveapermanentreductionincostsbutitcanalsoofferflex

7、ibilityinashortertimeframe.Capitaloutlaycanbesharedorevenavoided.FunctionsthatdonotbringthefirmcompetitiveadvantageorwhicharehighinlaborcostcanbesheddiscretelytoasupplierwhocanspreadthecostsefficientlyoverEditorsNote:RuthEvansseveralcustomers.specializesinthecomplianceriskmanagementofTh

8、eFina