WHITE PAPER

European Banking Authority Guidelines on Outsourcing Arrangements

The European Banking Authority (EBA) is an independent EU Authority which works to ensure effective and consistent regulation across the European banking sector. In 2019 they published guidelines on outsourcing arrangements with third parties and the impact on financial institutions risk profile.

The guidelines provide a clear definition of outsourcing and specify the criteria to assess whether an outsourcing activity, service or function is critical or important.

In this white paper we summarise the key aspects of the EBA guidelines that finical organisation have to comply with when adopting Citirx Cloud service.

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