Tag Archives: european banking authority

Time to Mobilise: EBA finalises Guidelines on Outsourcing Arrangements

Following consultation in the second half of 2018, the European Banking Authority (“EBA“) published its Final Report on Draft Guidelines on Outsourcing Arrangements (the “Guidelines“) on 25 February 2019. Most provisions of the Guidelines will enter into force on 30 … Continue reading

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Filed under Digital, FinTech, Outsourcing

Outsourcing to the Cloud: EBA issues Final Report on Recommendations

On 20 December 2017 the European Banking Authority (“EBA”) published its Final Report: Recommendations on Outsourcing to Cloud Service Providers (“CSPs“). The Recommendations will apply from 1 July 2018 to credit institutions as well as investment firms (i.e. not solely … Continue reading

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Filed under Outsourcing, Technology

EBA issues new regulatory guidelines on ICT Risk Assessment and report on Payment Services Directive

On 11 May 2017, the European Banking Authority (“EBA“) issued new Guidelines on ICT Risk Assessment by competent authorities or regulators (the “Guidelines“). The Guidelines were produced “in view of the growing importance and increasing complexity of ICT risk within … Continue reading

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Filed under Cyber Security, Guidance

EBA publishes guidance on (i) outsourcing to cloud service providers and (ii) ICT Risk Assessment by competent authorities

On 18 May 2017, the European Banking Authority (“EBA“) published its draft recommendations on outsourcing to cloud service providers (the “EBA Recommendations“). Under Article 16 of the Regulation (EU) No 1093/2010, the EBA is required to issue guidelines and recommendations … Continue reading

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Filed under Guidance, Outsourcing, Technology