Discussion Paper 8 - Outsourcing - Findings and Issues for Discussion


Overview

Description

In recent years the Central Bank has observed an increasing reliance by regulated firms on outsourcing. In light of the evolving financial services landscape, growing international focus on outsourcing and increasing concerns in relation to outsourcing practices, the Central Bank embarked upon a review of outsourcing across the Irish financial sector. The purpose of this Discussion Paper is to set out the Central Bank’s findings and observations from this review and obtain feedback from interested parties on key risks and evolving trends associated with outsourcing or any aspect of outsourcing (whether covered in the Discussion Paper itself, or not).

The Paper should be viewed as a summary of the key outsourcing issues and risks specifically identified in this review which require urgent attention. Feedback received on the key risks and evolving trends associated with outsourcing will inform the Central Bank’s continuing examination of this topic, planning for a 2019 industry event and engagement in domestic, EU and international fora.

Interested parties are requested to provide responses to the questions posed in the Discussion Paper along with any general observations on this topic.

DP Number: DP8
Date : 19 November 2018
Closing Date : 18 January 2019

Discussion Paper Document

Discussion Paper 8 - Outsourcing – Findings and Issues for Discussion | pdf 1263 KB