Authors

Dr. Verena Ritter-Döring

Partner

Read More

Charlotte Dreisigacker

Associate

Read More

Miroslav Đurić, LL.M.

Professional support lawyer

Read More
Authors

Dr. Verena Ritter-Döring

Partner

Read More

Charlotte Dreisigacker

Associate

Read More

Miroslav Đurić, LL.M.

Professional support lawyer

Read More

21 June 2021

The current state of the EU regulatory framework on outsourcing in the financial services sector

  • Briefing

In recent years, in pursuit of cost reduction and efficiency improvement financial institutions around the globe have been increasingly interested in outsourcing their business activities to other institutions and specialised service providers. From asset management, where delegation of certain functions was a standard practice since decades, to small payment companies relying on specialised regulatory compliance service providers, there is almost no area of the financial services sector nowadays that has remained immune to the ever-increasing use of outsourcing arrangements. Moreover, rapid digitisation of the financial services sector, featured by more frequent use of cloud technology and specialised providers of IT-related services to financial institutions, has just added more complexity into the game which immediately triggered the attention of financial regulators in the European Union.

Our Tayor Wessing team has provided an overview of the the current state of the EU regulatory framework on outsourcing in the financial services sector.

Download the paper

Call To Action Arrow Image

Latest insights in your inbox

Subscribe to newsletters on topics relevant to you.

Subscribe
Subscribe

Related Insights

Aerial View Of Road Amidst Trees
Banking & finance

European Commission Q&As on SFDR

A long awaited guidance on the interpretation of major areas of uncertainty

19 August 2021

by multiple authors

Click here to find out more