Regulatory Alerts2021-08-03
Proposed Section on Cloud Outsourcing Arrangements
The Central Bank of Bahrain proposes integrating Chapter OM-2A and Appendix OM-2 into its Operational Risk Management Module to standardize cloud outsourcing requirements. All addressed licensees must submit written feedback, including nil responses, regarding these draft provisions by 3 August 2021. Completed responses must be delivered electronically in an editable format to the designated consultation email address for regulatory review.
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