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Final Report on
Final Report on EBA Guidelines on outsourcing arrangements EBA/GL/2019/02 25 February 2019 Final Report ON THE GUIDELINES ON OUTSOURCING 2 Contents Executive summary 4 Background 6 Guidelines on outsourcing 16 1. Compliance and reporting obligations 17 2. Subject matter, scope and definitions 18 Subject matter 18 Addressees 18 Scope of application 19 Definitions 19 3. Implementation 22 Date of application 22 Transitional provisions 22 Repeal 22 4. Guidelines on outsourcing 23 Title I Proportionality: group application and institutional protection schemes 23 1 Proportionality 23 2 Outsourcing by groups and institutions that are members of an institutional protection scheme 23 Title II Assessment of outsourcing arrangements 25 3 Outsourcing 25 4 Critical or important functions 26 Title III Governance framework 30 5 Sound governance arrangements and third-party risk 30 6 Sound governance arrangements and outsourcing 30 7 Outsourcing policy 33 8 Conflicts of interests 35 9 Business continuity plans 35 10 Internal audit function 36 11 Documentation requirements 36 Title IV Outsourcing process 39 12 Pre-outsourcing analysis 39 Supervisory conditions for outsourcing 3
Outsourcing is a way to get relatively easy access to new technologies and to achieve economies of scale, e.g. by centralising functions within a group or institutional protection scheme. ... institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and
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