Regulatory Alerts2017-08-24 | 29562Draft Guideline for Outsourcing Activities
The banking and insurance regulators have issued a draft guideline establishing comprehensive requirements for financial institutions' outsourcing arrangements. Institutions must implement structured risk assessments, maintain clear governance and oversight mechanisms, and ensure uninterrupted service delivery across all critical third-party contracts. The framework mandates regular reporting, stress testing for material outsourcing, and predefined exit strategies to mitigate concentration and operational risks.
Banking Sector , Insurance Sector Draft Guideline for Outsourcing Activities Share
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