Outsourcing and third-party risk – Overview of responses to the public consultation
On 9 November 2020, the FSB published a Regulatory and Supervisory Issues Relating to Outsourcing and Third-Party Relationships: Discussion paperdiscussion paper for public consultation on Regulatory and Supervisory Issues Relating to Outsourcing and Third-Party Relationships[/intlink]. The FSB received 39 responses from a wide range of stakeholders including banks, insurers, asset managers, financial market infrastructures (FMIs), third-party service providers, industry associations, public authorities, and individuals. The FSB also held a virtual outreach meeting in late February 2021, attended by around 200 participants.
This note summarises the main issues raised and views expressed in the public consultation, including the virtual outreach meeting.