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Thought papers |
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Legacy Transformation - Balancing Time, Cost and Complexity. |
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| Abstract |
With financial institutions outsourcing in a big way, it is imperative for these firms to judge the risks of outsourcing to countries that have very different regulatory, political and taxation regimes. This paper lists ten guiding principles for outsourcing which cover policies, risks, legal, and regulatory responsibilities. The document brings out the systemic risk of concentration of outsourcing in the hands of a small number of suppliers, and the ability of the
regulatory authority to effectively regulate firms which have outsourced part of their IT or operations to an offshore centre.
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