Reviewing heightened complexity of global regulations and divergence in expectations

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The views and opinions expressed in this article are those of the thought leaders as individuals, and are not attributed to CeFPro or any particular organization.

By Shamial Afzal, Head of Strategic Supplier Oversight, Legal & General Investment Management (LGIM)

How different will outsourcing and third-party risk management look for institutions after PRA SS2/21?

Given the sheer amount of effort and focus on outsourcing we should now see a strengthened environment when it comes to firms outsourcing. These will include robust controls in the appointment of outsourcers, developed exit plans in both stressed and non-stressed scenarios as well as heightened oversight across the firm with accountability clearly defined.

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