Compliance & Control Across the Procurement Process

EBA Outsourcing Guidelines

Relieve the burden of compliance without compromising business agility

EBA Outsourcing Guidelines Content Hub

What are EBA Outsourcing Guidelines?

The revised European Banking Authority or EBA Guidelines on Outsourcing came into effect on September 30th of 2019. They update former guidelines on the subject from 2006 and specifications on cloud services outsourcing from 2017.

They apply to a broader audience than the previous rules: now including not only banks but also credit institutions, investment firms, electronic money institutions and payment providers, all of whom must abide by these guidelines.

Financial Services and EBA Compliance Solutions

Ivalua Empowers You to Ensure Compliance and Control

Control & Governance Framework

Up-to-date document repository
Auditor access
Policy enforcement

Outsourcing Lifecycle Management

Criticality questionnaire
Supplier pre-RFx due diligence
Supervisory clause in RFx
Specific contract clauses
Specific outsourcing approvals
Exit strategy

Screenshot – Supplier Network Risk - Risk Center Graph

Understanding of Outsourcing Limits & Exposure

Outsourcing agreements Register
Outsourcing agreements classification
Reporting and analysis

Third Party Risk Management

Comprehensive supplier risk mapping
Subcontractor risk level
Concentration risk
Mitigation plans

Screenshot - Sourcing - Advanced Product Quality Planning (APQP)

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