Top Brass Is Accountable For Outsourcing, Says NY Fed In Study Of Financial Services
IT MANAGEMENT REPORT
NEW YORK--The Federal Reserve Bank of New York, in a recently released study on outsourcing practices, is calling for senior management and even boards of directors of financial services firms to exert greater accountability over outsourcing efforts.
The report, "Outsourcing Financial Services Activities: Industry Practices to Mitigate Risk," grew out of a separate survey, released this past April, on mitigating the risk of outsourcing to third parties hired for Y2K compliance efforts, entitled
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