This statistic shows the main reasons for financial institutions outsourcing compliance worldwide in 2019. Need for additional assurance on compliance processes was the largest reason that financial services companies opted to outsource their compliance work, with 53 percent of respondents citing it as a reason.
Main reasons for financial institutions outsourcing compliance worldwide in 2019
Characteristic
Share of respondents
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Thomson Reuters. (June 27, 2019). Main reasons for financial institutions outsourcing compliance worldwide in 2019 [Graph]. In Statista. Retrieved July 16, 2024, from https://www.statista.com/statistics/656339/main-reasons-for-financial-institutions-outsourcing-compliance/
Thomson Reuters. "Main reasons for financial institutions outsourcing compliance worldwide in 2019." Chart. June 27, 2019. Statista. Accessed July 16, 2024. https://www.statista.com/statistics/656339/main-reasons-for-financial-institutions-outsourcing-compliance/
Thomson Reuters. (2019). Main reasons for financial institutions outsourcing compliance worldwide in 2019. Statista. Statista Inc.. Accessed: July 16, 2024. https://www.statista.com/statistics/656339/main-reasons-for-financial-institutions-outsourcing-compliance/
Thomson Reuters. "Main Reasons for Financial Institutions Outsourcing Compliance Worldwide in 2019." Statista, Statista Inc., 27 Jun 2019, https://www.statista.com/statistics/656339/main-reasons-for-financial-institutions-outsourcing-compliance/
Thomson Reuters, Main reasons for financial institutions outsourcing compliance worldwide in 2019 Statista, https://www.statista.com/statistics/656339/main-reasons-for-financial-institutions-outsourcing-compliance/ (last visited July 16, 2024)
Main reasons for financial institutions outsourcing compliance worldwide in 2019 [Graph], Thomson Reuters, June 27, 2019. [Online]. Available: https://www.statista.com/statistics/656339/main-reasons-for-financial-institutions-outsourcing-compliance/