112. Financial entities should ensure, on an ongoing basis, that third-party arrangements …

Financial entities should ensure, on an ongoing basis, that third-party arrangements supporting critical or important functions, meet appropriate performance and quality standards in line with their policies by:

• a. ensuring that they receive appropriate reports from TPSPs;
• b. evaluating the performance of TPSPs using tools such as key performance indicators, key control indicators, service delivery reports, self-certifications, and independent reviews; and
• c. reviewing all other relevant information received from the TPSPs, including reports on business continuity measures and testing.

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/