Transcription of Final Report on - European Banking Authority
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Final Report on - European Banking Authority
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 importa
providers and at removing the barriers that this uncertainty caused for institutions proceeding with using cloud services. The recommendations have been integrated in the present guidelines and will be repealed when the guidelines enter into force. 5. Outsourcing of important or critical functions, in particular when the service provider is located
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