The European Banking Authority (EBA) have published their findings and recommendations on outsourcing to cloud service providers.
A copy of the report may be found at
The recommendations are intended to provide additional guidance to credit institutions and investment firms - thankfully on a proportionate basis depending upon the size, structure and operational environment of the institution.
Institutions are expected to mitigate risks when outsourcing - has the firm thought about the risks of "chain outsourcing"; does the Firm have a contingency plan / exit strategy if a change of Cloud Service Provider is needed?
The implementation date for these recommendations is 1st July 2018
No comments:
Post a Comment