BIS paper warns of outsourcing risks

The paper, which is being jointly launched by the Basel Committee on Banking Supervision, the International Organisation of Securities Commissions and the International Association of Insurance Supervisors, is seeking responses in order to draw up guidelines to limit such risks.

Risk transfer & management

The report highlights issues related to risk transfer and management. It said: "This increased reliance on the outsourcing of activities may impact on the ability … to manage their risks and