STADLER VÖLKEL Rechtsanwälte GmbH

Outsourcing of banking activities

9 April 2019
Outsourcing of banking activities

Sunny or a chance of rain? In this article (German only), Andreas Pfeil, LL.M. provides a short overview of the new guidelines on outsourcing of certain banking activities published on 25 February 2019 by the European Banking Authority (EBA). Due to advancing digitalisation, also the regulators have begun to increasingly focus on the contractual framework regarding outsourced IT services. The extensive obligations deriving from the EBA guidelines can present a significant challenge for banks. Andreas Pfeil’s article sheds some light on this complex topic.

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