+Provision of data processing services
---+25. In line with the general criteria provided in 15 to 21, the provision of data processing …
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Provision of data processing services
Provision of data processing services
1. Overview
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Regulation |
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25. In line with the general criteria provided in 15 to 21, the provision of data processing …
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In line with the general criteria provided in 15 to 21, the provision of data processing services should be considered ancillary to banking, in any of the following illustrative situations: - a. it supports banking, ensuring that banking operations are carried out effectively (e.g. development and/or maintenance of operating systems supporting the banking operations). The provision of such data processing services to other ASUs of the group should also be deemed as indirectly supporting banking;
- b. it complements banking, for instance, by enhancing, adding value to, or complementing banking products or services. Systematic cross-selling practices and common distribution channels should be taken into account in that respect; or
- c. it substantially relies on banking, for instance, where the data processing services significantly rely on data provided by or linked to the banking activities (e.g. provision of client payment data analytics).
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1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
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Requirement |
3. Related Standards
Standards
| Source |
Requirement |
- EBA - Published by the European Banking Authority at https://www.eba.europa.eu/
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