30 Sept 2019
The revised European Banking Authority (EBA) outsourcing Guidelines apply to credit institutions and investment firms subject to the Capital Requirements Directive (CRD) as well as payment and electronic money institutions; they are also indirectly relevant to service providers for those firms. The Guidelines harmonise the framework for outsourcings and also replace and incorporate the EBA’s final recommendations on outsourcing to cloud service providers. This briefing highlights the key changes to these guidelines.
The revised European Banking Authority (EBA) outsourcing Guidelines apply to credit institutions and investment firms subject to the Capital Requirements Directive (CRD) as well as payment and electronic money institutions; they are also indirectly relevant to service providers for those firms.
The Guidelines harmonise the framework for outsourcings and also replace and incorporate the EBA’s final recommendations on outsourcing to cloud service providers.
This briefing highlights the key changes to these guidelines.
This material is provided for general information only. It does not constitute legal or other professional advice.
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