The Central Bank released Discussion Paper 8 on the topic of Outsourcing (“DP 8”) on 19 November 2018. 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 DP 8 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.
Interested parties are requested to provide responses to the questions posed in DP 8 along with any general observations on this topic by the closing date of 18 January 2019.
Read: The Discussion Paper