FSA issues outsourcing warning

Professional Adviser
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The FSA has warned firms that outsourcing functions is not synonymous with outsourcing potential lia...

The FSA has warned firms that outsourcing functions is not synonymous with outsourcing potential liabilities. Policy adviser Simon Ashby said a strong initial contract and ongoing partnership are both vital components of a successful outsourcing deal. The current regulatory stance with regard to outsourcing is in a guidance capacity rather than actual rules and Ashby said the FSA has no desire to become more prescriptive in this area as things stand. While prepared to leave it to individual companies to oversee their own outsourcing agreements, the regulator feels the general situation ...

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