Procurement leaders discuss: how to stay agile as regulation looms

The ramifications of new rules being brought in by the Prudential Regulation Authority (PRA), and how they affect the world of procurement, were discussed during an exclusive virtual roundtable event.

Procurement professionals in financial institutions are being urged to interpret changes in outsourcing regulations themselves, amid a perceived lack of clarity from the regulator.

New rules by the Prudential Regulation Authority (PRA) are expected to bring the UK requirements around the responsibility and risk associated with third-party outsourcing arrangements into line with existing European Banking Authority (EBA) guidelines.

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