Regulatory Alerts2023-11-14
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Directive on Shared Services 2023
The National Bank of Romania issued the Directive on Shared Services 2023 to establish a regulatory framework for shared service arrangements within the financial sector. The directive mandates that institutions implementing shared services must adhere to specific governance, risk management, and operational resilience standards. It further requires rigorous oversight mechanisms to ensure compliance with prudential requirements and protect the stability of the financial system.
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