The European Banking Authority (EBA) Guidelines bring in a new regulatory regime for financial services businesses that want to outsource, and those to whom they outsource. The positive news is that for banks these Guidelines supersede three other sets of rules, which makes things a bit simpler. The bad news is that they are likely to create work for busy supplier management and legal teams, because if outsourcing contracts are not compliant by the deadlines they need to be made compliant. Insurers need not feel left out - EIOPA is bringing out an equivalent set of guidelines which in many ways mirror the EBA Guidelines.\r
This session will give an overview of the EBA Guidelines, and what you need to be doing to comply with the. We shall focus on some of the potential tricky areas for banks and suppliers and we shall look ahead to the EIOPA Guidelines.
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