The European Banking Authority (EBA) Guidelines will enter into
force on 30 September 2019 and contain some transitional periods
for implementing a register of all outsourcing arrangements and to
agree on cooperation agreements between competent authorities or to
reintegrate outsourced functions or move them to other service
providers, if the requirements of the Guidelines cannot otherwise
be met. The Committee of European Banking Supervisors (CEBS)
guidelines on outsourcing of 14 December 2006 and the EBA
recommendations on outsourcing to cloud service providers
(EBA/REC/2017/03 – EBA Recommendations on Outsourcing to
Cloud Service Providers) will be repealed with effect from 30
September 2019. The aim of the Guidelines is to establish a more
harmonised framework for financial institutions, namely credit
institutions and investment firms subject to the Capital
Requirements Directive (CRD), as well as payment and electronic
money institutions. In brief, the final
