Outsourcing: MiFID Firms

Description

This module covers the regulatory framework that MIFID firms need to consider when outsourcing activities intra-group or to third-party service providers. The Central Bank has significantly increased its focus on outsourcing1 and the management by regulated firms of risks presented by outsourcing arrangements through specific targeted onsite inspections and wider thematic reviews on outsourcing. Outsourcing has been a key supervisory target of regulators. 

Learning Objectives

Learners will attain an understanding of:

  • the Central Bank's expectations regarding outsourcing, including a summary of key finding of the November 2018 Discussion Paper, "Outsourcing - Findings and Issues for Discussion";

  • an introduction to the EBA Guidelines on Outsourcing;

  • classification of outsourcing arrangements as "critical or important"

Timing

The duration of this 2 part module is approximately 25 minutes. Each section is followed by a knowledge check and we have allocated 2 minutes to complete these. We have allocated up to 20 minutes for the assessment that follows the completed module.

Time: 47 minutes

Randomised Assessment

Bespoke Optional

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