Recent tightening of the European Banking Authority (EBA) guidelines for
outsourcing arrangements requires actions by financial institutions that
wish to maintain current outsourced contracts and continue to benefit from
the cost reductions and innovation that outsourcing partners can bring.

Compliance with the EBA regulations on outsourcing agreements is
absolutely critical for banks and insurance companies in Europe. But
given that current cost structures for financial services institutions are
not favorable, the new regulations will be an added challenge for many
organizations.

In this whitepaper we discuss the obligations that financial institutions must
now meet under the guidelines, the challenges they face in bringing their
processes and contracts into line with the guidelines and solutions with
which they can fulfill the new requirements.