Outsourcing - European Banking Authority publishes new guidelines

Published: Mar 6, 2019

The European Banking Authority (EBA) published today its revised Guidelines on outsourcing arrangements setting out specific provisions for the governance frameworks of all financial institutions within the scope of the EBA's mandate (credit institutions and investment firms subject to the Capital Requirements Directive (CRD), payment and electronic money institutions). The aim of the Guidelines is to establish a more harmonised framework for firms and to take account of developments in digitisation and financial techncology. The guidelines integrate the existing recommnedation on outsourcing to cloud service providers and will come into force in September 2019.

You can keep up to date with regulatory and good practice developments in relation to outsourcing by attending our timely courses on Outsourcing in Financial Services in Dublin or London.

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