US banks are planning to move some of their financial analysis and research functions offshore to India and China to take advantage of the lower labor costs, says a study released this month by the financial services practice of global management firm A.T. Kearney.
The study projects that more than 500,000 jobs at financial services firms will be shifted offshore over the next five years, equal to eight percent of the workforce in the banking and brokerage sector.
Andrea Bierce, the A.T. Kearn
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails