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Outsourcing Risk.pdf

cp3019.pdf
Preview of Outsourcing Risk
🔗 Source: bankofengland.co.uk
📊 Size: 1.42 MB
👤 Author: Prudential Regulation Authority, Bank of England
⬇️ Downloads: 221

Summary

The Prudential Regulation Authority (PRA) is consulting on proposals to modernize the regulatory framework on outsourcing and third-party risk management, with objectives including complementing policy proposals on operational resilience, facilitating greater resilience and adoption of new technologies, and implementing European Banking Authority (EBA) guidelines. The consultation is relevant to UK banks, insurance and reinsurance firms, and branches of overseas banks and insurers, with some proposals also applicable to credit unions and non-directive firms. The PRA proposes to clarify expectations on outsourcing and third-party risk management, including data security, business continuity, and exit plans, and to take into account relevant EU guidelines and regulations. Responses to the consultation are requested by April 3, 2020.

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Description

The Prudential Regulation Authority (PRA) is consulting on proposals to modernize the regulatory framework on outsourcing and third-party risk management, with...

Technical Information

  • File Format: PDF
  • File Size: 1.42 MB
  • Pages: 57
  • Language: EN
  • Author: Prudential Regulation Authority, Bank of England
  • Total Downloads: 221
  • Last Updated: 1 week ago

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This PDF document about Outsourcing Risk provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Outsourcing Risk.

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