IIROC will be issuing new guidance in October addressing outsourcing arrangements
FasTrac aims to capitalize on increased regulatory scrutiny and a push for faster processing
The International Organization of Securities Commissions’ Technical Committee has published a final report setting out principles designed to guide exchanges, and their regulators, when considering outsourcing arrangements.The principles set out the factors that market operators should consider when deciding whether, and to whom, to outsource certain functions; and they are designed to assist market authorities […]
Report that sets principles is sent out for public comment; deadline is May 20
Outsourcing and offshoring are seen to be crucial in keeping up with global competition
Ian Cummings, an advisor with Investment Planning Counsel, has built a business model in which he outsources everything but his advice.“An advisor has the choice to either build an office or buy that expertise,” he says. Cummings chose the latter option.But, in order to make an outsourcing model work, technology is a must, he says: […]
Governments should focus on improving labour regulations and social protection systems to help people adapt to changing job markets, the Organization for Economic Co-operation and Development argues in the 2007 edition of the its annual Employment Outlook.The OECD reviews the possibility that offshoring may have reduced the bargaining power of workers, especially low-skilled ones. “Whether […]
Citigroup today announced that its global transaction services business has been selected by AIC Limited and Copernican Capital Corp. to provide fund accounting services for their investment funds.In addition to fund accounting, Citi, AIC and Copernican have reached tentative agreement on the provision of a comprehensive suite of securities services, including custody and securities lending.As […]
Notice spells out principles adopted by IOSCO regarding outsourcing
Extension valued at more than $100 million