Regulatory Alerts2019-02-15
Circular Letter No. CC/2019/00000025
Banco de Portugal issued Circular Letter No. CC/2019/00000025 to require credit institutions and investment firms to comply with EBA recommendations on cloud computing outsourcing and report material contracts via the BPnet portal. The document was revoked on October 30, 2019, upon the entry into force of EBA Guidelines EBA/GL/2019/02 and Circular Letter No. CC/2019/00000065. It specifically targeted banks, investment firms, and asset management companies regarding information systems and service provision.
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