EBA's Outsourcing Guidelines: Is Your Firm Ready?

November 2019

EBA’s revised Guidelines on Outsourcing Arrangements (Outsourcing Guidelines) came into force on 30 September 2019 and apply to all outsourcing arrangements entered into, reviewed or amended on or after this date. The Outsourcing Guidelines require relevant firms to carry out an in-depth review of all outsourcing arrangements and put in place appropriate governance frameworks relating to outsourcing. Below we take a look at some of the key requirements set out in the Outsourcing Guidelines and the tasks firms need to undertake in order to comply. More…