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ARTICLE · 15 AUGUST 2022

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Outsourcing Register Templates Published By The Central Bank

William Fry LLP
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On 10 August 2022, the Central Bank of Ireland (the Central Bank) published a set of guidance (including an outsourcing register template) for each of the following sectors...

IrelandFinance and Banking
Shane Kelleher
Shane Kelleher
Louise McNabola
Louise McNabola
John O'Connor
John O'Connor
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On 10 August 2022, the Central Bank of Ireland (the Central Bank) published a set of guidance (including an outsourcing register template) for each of the following sectors:

  • Markets firms or regulated financial service providers
  • Payments institutions and electronic money institutions
  • (Re)insurance undertakings
  • Banks categorised as less significant institutions.

Please see the guidance/templates here.

This is a further step in advancing the Central Bank's strategy of maintaining financial system resilience. In the context of outsourcing, the Central Bank's key focus areas are the interconnectedness of the financial sector with third-party service providers and potential concentration risk at an institution and sectoral level.

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