Achieving effective oversight where third parties are outsourcing to ‘fourth parties’ in the supply chain

Tendai Bwanya

Journal of Securities Operations & Custody, 2018, vol. 10, issue 2, 137-144

Abstract: The concept of oversight of third parties is becoming established in the financial services industry. However, with an increasing number of third-party service providers further outsourcing their services, it remains unclear how much further down the chain a firm’s oversight has to stretch in order to be considered effective. This paper will cover a practical way firms can adopt to assess the extent to which such oversight can be provided with a sufficient basis for the approach taken by the firm.

Keywords: outsourcing; oversight; risk appetite; third party; fourth party; risk assessment; assurance reports; MiFID II; Outsourcing Working Group (OWG) (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2018:v:10:i:2:p:137-144

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