Financial services are divided into intermediation and middle office services, with risk management professionals ensuring compliance with regulations and protecting clients’ experiences. Investment in middle office services increases with new regulations, and outsourcing can cause delays in decision-making. In the financial services industry, the different types of professional roles and functions are divided into various […]
A qualified intermediary is a third party who coordinates a 1031 exchange, a real estate transaction used in the US to avoid capital gains taxes. The intermediary must not have a prior relationship with the taxpayer, and mistakes can be costly. The term also refers to foreign banks in a special relationship with the IRS. […]
