CP138 - Consultation on Cross-Industry Guidance on Outsourcing

Overview

Description

The Cross-Industry Guidance on Outsourcing (the Guidance) outlines the Central Bank of Ireland’s expectations regarding the management of outsourcing risk with a view to promoting higher standards of operational resilience in regulated financial service providers (RFSPs or firms).  

The guidance was consulted on and responses were received during the consultation period from RFSPs, industry representative bodies, associations and outsource service providers (OSPs).

In general, the feedback welcomed the publication of the Guidance and the clarity it brings in setting out the Central Bank’s expectations for the management of outsourcing risk. Having reviewed the feedback and taken on board a number of constructive comments and suggestions the Central Bank has made some specific revisions to the Guidance, which is published together with the Feedback Statement. 

 

View the Cross-Industry Guidance on Outsourcing (the Guidance) document

CP Number : CP138
Date : 25 February 2021
Closing Date : 26 July 2021

Consultation Paper Document

CP138 - Consultation on Cross-Industry Guidance on Outsourcing | pdf 275 KB

Feedback Statement

Feedback Statement CP138 - Cross-Industry Guidance on Outsourcing | pdf 482 KB

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