1. European
  2. EBA - European Banking Authority
  3. Final Reports
  4. 2019
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  1. Final Report on EBA Guidelines on outsourcing arrangements (EBA/GL/2019/02) (applicable from 30 September 2019)
  2. Guidelines on outsourcing
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Guidelines on outsourcing

Comparing proposed amendment...
1. Compliance and reporting obligations (paras. 1-4)
Status of these guidelines (paras. 1-2)
Reporting requirements (paras. 3-4)
2. Subject matter, scope and definitions (paras. 5-12)
Subject matter (paras. 5-6)
Addressees (paras. 7-8)
Scope of application (paras. 9-11)
Definitions (para. 12)
3. Implementation (paras. 13-17)
Date of application (paras. 13-15)
Transitional provisions (para. 16)
Repeal (para. 17)
4. Guidelines on outsourcing (paras. 18-119)
Title I - Proportionality: group application and institutional protection schemes (paras. 18-25)
1 Proportionality (paras. 18-20)
2 Outsourcing by groups and institutions that are members of an institutional protection scheme (paras. 21-25)
Title II - Assessment of outsourcing arrangements (paras. 26-31)
3 Outsourcing (paras. 26-28)
4 Critical or important functions (paras. 29-31)
Title III - Governance framework (paras. 32-60)
5 Sound governance arrangements and third-party risk (paras. 32-34)
6 Sound governance arrangements and outsourcing (paras. 35-40)
7 Outsourcing policy (paras. 41-44)
8 Conflicts of interests (paras. 45-47)
9 Business continuity plans (paras. 48-49)
10 Internal audit function (paras. 50-51)
11 Documentation requirements (paras. 52-60)
Title IV - Outsourcing process (paras. 61-108)
12 Pre-outsourcing analysis (paras. 61-73)
12.1 Supervisory conditions for outsourcing (paras. 62-63)
12.2 Risk assessment of outsourcing arrangements (paras. 64-68)
12.3 Due diligence (paras. 69-73)
13 Contractual phase (paras. 74-99)
13.1 Sub-outsourcing of critical or important functions (paras. 76-80)
13.2 Security of data and systems (paras. 81-84)
13.3 Access, information and audit rights (paras. 85-97)
13.4 Termination rights (paras. 98-99)
14 Oversight of outsourced functions (paras. 100-105)
15 Exit strategies (paras. 106-108)
Title V - Guidelines on outsourcing addressed to competent authorities (paras. 109-119)
5. Accompanying documents
5.1 Draft cost-benefit analysis/impact assessment
5.2 Feedback on the public consultation
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