Reminder: EBA Outsourcing Guidelines are in Force

We previously reported that the EBA had published its revision to the European Banking Supervisors’ 2006 Guidelines on outsourcing arrangements.  The revised guidelines  set out a framework for  outsourcing by banks (including to the cloud).

They apply to credit institutions and investments firms that are subject to CRD, and to payment and electronic money institutions.

The revised guidelines came into force on 30 September 2019.