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FSA Expresses Concerns About Outsourcing by Asset Managers

On December 11, the UK Financial Services Authority (FSA) published a “Dear CEO” letter which had been sent to the CEO’s of regulated asset managers outlining its concerns about asset managers’ outsourcing arrangements....more

The UK Financial Services Authority issues warning on outsourcing

The FSA has written a 'Dear CEO Letter' warning that the asset management industry does not have "effective recovery and resolution plans" in place should an outsourcing provider face financial distress or severe operational...more