Outsourcing to Foreign Service Providers
Some institutions develop outsourcing relationships with service providers located in foreign countries. These arrangements can provide cost, expertise, and other advantages to the institutions and should be subject to the same due diligence and assessment as domestic outsourcing relationships. In addition, foreign outsourcing relationships result in unique strategic, reputation, credit, liquidity, transactional, geographic, and compliance risks that institutions should identify, assess, prevent, and control. See Appendix C for additional detail.
Multiple Service Provider Relationships
Appendix A: Examination Procedures