Ireland: Outsourcing

The European Banking Authority has published final Guidelines on the sound management of third-party risk regarding non-ICT services, replacing the 2019 Outsourcing Guidelines and introducing a broader regulatory framework. Financial entities will need to navigate expanded scope requirements, enhanced governance standards, and alignment with DORA while managing compliance timelines and contractual obligations.

As reported in our April update, outsourcing is area of key focus for the Central Bank and other global regulators. On 30 April, the Central Bank hosted an industry conference ("Conference")