CBI issues CP and Draft Guidance on Outsourcing
The Central Bank of Ireland has just issued:
The aim of the draft Guidance is to assist regulated firms in developing their outsourcing risk management frameworks so as to effectively, identify, monitor and manage their outsourcing risks. Outsourcing is a key focus for the Central Bank, so all firms should read the CP and draft Guidance carefully. The consultation period runs until 26 July 2021. We’ll issue a client briefing that considers the CP and draft Guidance in detail in the coming days….