middle office
The 'middle office' serves as a vital intermediary in financial institutions, ensuring the smooth operation and compliance of transactions between client-facing and administrative functions.
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Definition
C1Finance
(technical, business)A division within a financial institution responsible for risk management, compliance, and ensuring accurate transaction processing, acting as a bridge between client-facing and administrative functions.
Example
- The middle office team ensured that all transactions complied with the latest regulatory standards.
- In investment banking, the middle office plays a crucial role in managing risk and supporting trading activities.
C1Business
(corporate)Departments within a company that manage risk, calculate financial outcomes, and ensure adherence to regulations, supporting both client-facing and administrative operations.
Example
- The middle office's analysis provided valuable insights for the company's strategic planning.
Similar
Terms that have similar or relatively close meanings to "middle office":