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An Overview of EU Financial Services Sector Outsourcing Regulations

Guide | 12 pages

Get a summary of the IT outsourcing regulations governing EU financial firms and practical guidance for compliance

Our guide provides an overview of the EU financial services regulations firms must comply with for outsourcing arrangements.

Download the guide and discover how to:

  • Comply with EU financial services regulations for outsourcing arrangements.
  • Assess the resilience of outsourcing service providers.
  • Maintain & test business continuity and exit plans for critical services.
  • Implement software escrow to ensure access to the software source code under specific conditions.

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Regulations covered within the guide

Europe

European Banking Authority (EBA) - Guidelines on outsourcing arrangements and Digital Operational Resilience Act (DORA).

Netherlands

The Dutch Central Bank (De Nederlandsche Bank) - Good practices for managing outsourcing risks.

United Kingdom

Prudential Regulations Authority (PRA) - Supervisory Statement 2/21.

Germany

Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) - MaRisk & Supervisory Requirements for IT in Financial Institutions (BAIT).

Switzerland

Financial Market Supervisory Authority (FINMA) - Circular 2018/03 Outsourcing.

Ireland

Central Bank of Ireland - Cross Industry Guidance on Operational Resilience.


Manage third-party risk with Software Escrow

          

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