Office of the Governor

Central Bank of Bahrain

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OG/214/2021
6th July 2021

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Chief Executive Officer

All Banks
Manama
Kingdom of Bahrain

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Dear Sir/ Madam,

Consultation: Proposed Chapter on Cloud Outsourcing Arrangements

As part of the CBB’s objectives to enhance its regulatory framework, the CBB is hereby proposing a new Chapter OM-2A on cloud outsourcing arrangements to be added to the Operational Risk Management Module (Module OM) of Volumes 1 and 2 and a new Appendix OM-2 “Cloud Outsourcing Control Guidelines”.

The CBB requires all licensees, to whom this circular is addressed, to provide their comments, including ‘nil comments’ on the proposed requirements.

The proposed Chapter and Appendix will be available on the CBB website (www.cbb.gov.bh) under the “open consultations” section.

Responses must be sent electronically, in an editable format, to consultation@cbb.gov.bh by 3rd August 2021.

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Yours faithfully,

Signature

Rasheed M. Al Maraj
Governor

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cc: Bahrain Association of Banks External Auditors

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Contact Information:

ص.ب: ٧، المنامة - مملكة البحرين
هاتف : (+973) 17547500 - فاكس: (+973) 17537799 P.O. Box : 27, Manama - Kingdom of Bahrain Tel: (+973) 17547500 - Fax: (+973) 17537799 website: www.cbb.gov.bh E-mail: governor@cbb.gov.bh