(Only in Italian)
The report focuses primarily on the provision of critical services, i.e. those whose disruption could significantly compromise the operations of a financial institution. Taking into account evolving industry practices and recent regulatory and supervisory approaches to operational resilience, the toolkit takes a broader approach than that for traditional types of outsourcing.
The primary purposes of the toolkit are:
  • to reduce the fragmentation of regulatory and supervisory approaches to third-party risk management, both between jurisdictions and between financial sectors;
  • to strengthen the ability of financial institutions to manage risks from third-party service providers and from the supply chain as a whole; and
  • to facilitate coordination, including at international level, among all stakeholders.