Tag: outsourcing

FINRA: Ensure Outsourced Activities Meet Regulatory Requirements

On By CC360 Staff

The Financial Industry Regulatory Authority (FINRA) issued a notice last week warning member firms of their obligation to maintain a supervisory system for business activities outsourced to third-party vendors. Financial firms are increasingly using third-party vendors to carry out their business and regulatory oversight functions, FINRA said in its notice. Read More

A woman in the foreground and a man in the background work on their computers, socially distanced and wearing masks

Amid the Pandemic, Financial Firms Working to Keep Up with Regulation

On By Danny Flynn

A new study finds that more financial firms are outsourcing all or part of their compliance functions, while others are growing compliance budgets and staff levels more slowly. Meanwhile, a large majority expect regulators to continue to pile on new regulations during the rest of the year.  The study, 2021 Read More