More outsourcing ahead

Speaking at the Dealing With Technology event in London last Wednesday, he said banks could eventually outsource everything in these markets "beyond simple deal capture and risk management".

External forces of globalisation and cost competition combined with banks’ needs to improve services and cut costs and risk will drive this shift, he said, to bring outsourcing in the financial markets out of its "infancy".

A primary benefit banks will see from outsourcing more functions in treasury will