BoE outlines supervisory approach to outsourcing

The BoE Supervisory Statement is a part of a wider trend of regulators scrutinising third party risks.

The Bank of England (BoE) has released a supervisory statement outlining the regulatory obligations of central securities depositories (CSDs).

The statement applies to “all forms of outsourcing”, but the inclusion of specific material targeted at cloud outsourcing makes it clear that this is a key area of concern for the

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