Financials, Automotive Jan 21, 2022 10:34 AM (GMT+8) · EqualOcean
The cbcirc issued the measures for risk supervision of IT outsourcing of banking and insurance institutions, which proposed regulatory requirements for the access of IT outsourcing, including pre access assessment, due diligence and contracts, and put forward additional requirements for non resident centralized outsourcing, cross-border outsourcing, inter-bank and related outsourcing. Next, the CBRC will strengthen policy publicity and implementation training, incorporate it outsourcing into the daily risk monitoring and on-site inspection of Bancassurance institutions, promote bancassurance institutions to establish an effective IT outsourcing risk management system, and promote the effective implementation of the measures.

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