Regulatory Alerts2024-09-27
Added · Updated
Risk Associated with Third-party IT Solutions
The Circular Issuance and Review (CIR) unit issued this directive on September 27, 2024, to address technology risk management for all authorized institutions. The document mandates the adoption of good practices for managing third-party IT solutions to mitigate associated operational risks. It serves as a regulatory update requiring institutions to enhance their oversight of external technology providers.
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