+Outsourcing
---+9. In the case where the activity of the creditor is in whole or in part outsourced to third …

Outsourcing

Outsourcing

1. Overview

,
Summary Regulation
9. In the case where the activity of the creditor is in whole or in part outsourced to third …

In the case where the activity of the creditor is in whole or in part outsourced to third parties, or carried out by another entity in other ways, creditors should ensure that, in doing so, that they comply with the requirements established in the CEBS Guidelines on outsourcing4 . This includes, in particular, CEBS Guideline 2, which provides that ‘the ultimate responsibility for the proper management of the risks associated with outsourcing or the outsourced activities lies with an outsourcing institution’s senior management’.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

Standards
Source Requirement
  • EBA -

    EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

    DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.