United Kingdom: Publication of outsourcing and third party risk management policy paper
Description
Publication of outsourcing and third party risk management policy paper
The Prudential Regulation Authority of the Bank of England publishes its Outsourcing and third party risk management policy statement, including compliance obligations for the outsourcing of data by payment providers.
Original sourceScope
Policy Area
Data governance
Policy Instrument
Cross-border data transfer regulation
Regulated Economic Activity
other service provider
Implementation Level
national
Government Branch
executive
Government Body
central bank