GUIDELINES ON OUTSOURCING

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Monetary Authority of Singapore GUIDELINES ON OUTSOURCING 27 July 2016 [Last revised on 5 October 2018 (with effect from 8 October 2018)] Table of Contents 1 INTRODUCTION ........................................ ........................................ .............................. 1 2 APPLICATION OF GUIDELINES ........................................ ...................................... 1 3 DEFINITIONS ........................................ ........................................ ...................... 3 4 ENGAGEMENT WITH MAS ON OUTSOURCING .

GUIDELINES ON OUTSOURCING 1 1 INTRODUCTION 1.1 While outsourcing arrangements can bring cost and other benefits, it may increase the risk profile of an institution due to, for example, reputation, compliance and operational