Accurate, timely and verifiable data 5/7  BIS central bankers' speeches  is a prerequisite for effective analytics and compliance officers have a direct role in ensuring it is provided to the Central Bank. Significant investment is required in information technology and the supporting processes to make sure this is happening.
Outsourcing Outsourcing is a key part of many financial services firms, whether this is to group companies or to third parties and it is clear that there are sizeable benefits to appropriately managed and delivered outsourcing arrangements, including cost savings and increased expertise.