The Insight Out of Outsourcing (& Offshoring) Due Diligence
Upskill your organisation with this is on-demand live online course. Please contact us at firstname.lastname@example.org for a quotation and to book date and time.
Recently the Financial Conduct Authority (FCA) sent a Dear CEO letter to authorised firms, reminding them of their responsibilities concerning outsourcing.
If a firm outsources or offshores critical or essential functions or any relevant services and activities, it remains fully responsible for discharging all of its obligations under the regulatory system.
This 90 minutes course aims to support delegates with understanding the outsourcing/ offshoring requirements and supporting them in developing a system for due diligence:
Define outsourcing and offshoring in regulatory terms;
State the critical and critical outsourced functions;
Explain the importance of a risk management approach, including conduct risk;
Illustrate failings in firms due to a lack of oversight of due diligence concerning investor protection, safeguarding client money and assets; market abuse and MiFIR Transaction Reporting; and
List four possible questions that firms can ask their providers.
Who is Vivienne Bannigan
Vivienne is a financial services professional with over 20 years’ experience in regulatory and operational risk in the United Kingdom, Europe and internationally. Vivienne has held various roles across several organisations including the Financial Conduct Authority (FCA), Royal Bank of Scotland and UK Finance. Vivienne has worked in wholesale policy covering the Market Abuse Regime, Markets in Financial Instruments Directive (I & II), Securities lending, Client Money , Transaction Reporting and mentoring her colleagues along the way. Vivienne designed and implemented training and communications to support programme delivery, including the Markets in Financial Instruments Directive and Client Money and Assets. Vivienne holds various qualifications including an M. Econ. Sc. in European Economics and Public Affairs. Vivienne is an accredited Dispute Resolution Mediator and is completing an MA in Community Psychology at the University of Brighton. Vivienne is passionate about sailing and supporting individuals to achieve their potential while at the same time, creating an environment that is professional, practical and participative.
Duration - 1.5