EBA Outsourcing Guidelines
Relieve the burden of compliance without compromising business agility
EBA Outsourcing Guidelines Content Hub
What are EBA Outsourcing Guidelines?
The revised European Banking Authority or EBA Guidelines on Outsourcing came into effect on September 30th of 2019. They update former guidelines on the subject from 2006 and specifications on cloud services outsourcing from 2017.
They apply to a broader audience than the previous rules: now including not only banks but also credit institutions, investment firms, electronic money institutions and payment providers, all of whom must abide by these guidelines.
Financial Services and EBA Compliance Solutions
Ivalua Empowers You to Ensure Compliance and Control
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Control & Governance Framework
- Up-to-date document repository
- Auditor access
- Policy enforcement
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Outsourcing Lifecycle Management
- Criticality questionnaire
- Supplier pre-RFx due diligence
- Supervisory clause in RFx
- Specific contract clauses
- Specific outsourcing approvals
- Exit strategy
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Understanding of Outsourcing Limits & Exposure
- Outsourcing agreements Register
- Outsourcing agreements classification
- Reporting and analysis
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Third Party Risk Management
- Comprehensive supplier risk mapping
- Subcontractor risk level
- Concentration risk
- Mitigation plans
We have a strong partnership with Ivalua and continue to generate value. With Ivalua we have achieved 100% digitization across all procurement processes and have been able capture a tremendous amount of savings.Read Case Study
Resources
EBA Guidelines Outsourcing Arrangements: the Four Areas You Need to Look at to Become Compliant
EBA on Outsourcing Guidelines – A Call to Action for Banking Sector Procurement