Burden of compliance threatens outsourcing
LgicaCMG says regulatory burden affecting outsourcing in financial sector
The burden of handling compliance and regulatory issues has become a major obstacle to outsourcing finance and accounting (F&A) business functions, according to a survey of UK chief financial officers (CFO) conducted by LogicaCMG.
Increased regulation and emphasis on governance was identified by CFOs as the most significant barrier to outsourcing. Only 7% currently outsource any F&A functions, with 68% stating that the burden of current financial regimes is holding them back. The severity of
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Most read
- Top 10 operational risks for 2024
- Top 10 op risks: third parties stoke cyber risk
- Japanese megabanks shun internal models as FRTB bites