Outsourcing of Fund Administration Activities – Recent Central Bank Industry Letter

05-04-2017

Author: Kevin Murphy, Sarah Cunniff, Dara Harrington and Adrian Mulryan



On 7 March 2017 the Central Bank published the results of its review of the governance and oversight arrangements of the outsourcing of fund administration activities to outsourcing providers (“OSPs”) in an industry letter to Irish fund administrators.

The letter follows the Central Bank’s review in 2016 of the outsourcing activities of certain Irish fund administrators and noted that outsourcing was now extensive and continues to grow. The Central Bank’s analysis of five administration firms indicated that between 48% and 61% of fund administration activities are being carried out by OSPs. The aim of the Central Bank’s review was to assess the extent of outsourcing within larger Irish fund administrators and the governance and oversight arrangements in place within these administration firms.

Read the full briefing here.

 

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