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Cross-Industry Guidance on Outsourcing

T: +353 (0)1 224 6000 E: Cross-Industry Guidance on Outsourcing December 2021 Cross-Industry Guidance on Outsourcing December 2021 Central Bank of Ireland Page 2 Contents Part A - Introduction .. 4 1. Background .. 4 2. Context .. 6 3. Purpose & Scope .. 8 4. Application of the Guidance and 10 5. Status .. 10 Part B - .. 11 Cross-Industry Guidance on Outsourcing Risk .. 11 1. Assessment of Criticality or Importance of activity/service to be outsourced .. 11 2. Intragroup Arrangements .. 13 3. Outsourcing & Delegation .. 14 4. Governance .. 15 The role of the board and senior management .. 15 Strategy and Policy for Outsourcing .

International Organization of Securities Commissions (IOSCO) Principles on Outsourcing 2021; European Securities and Markets Authority ESMA 50-157-2403 Guidelines on Outsourcing to Cloud Service Providers December 2020. EIOPA Guidelines on …

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