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. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/