FMI outsourcing and third party risk management Policy Statement

The Bank of England’s Policy Statement (PS) on Financial Market Infrastructures (FMIs) outsourcing and third-party risk management provides feedback on three Consultation Papers (CPs) covering outsourcing and third-party risk management for different types of FMIs, including Central Counterparties (CCPs), Central Securities Depositories (CSDs), and Recognised Payment System Operators (RPSOs) and Specified Service Providers (SSPs).

“The final SS and CoP in the Annex set out how the Bank expects FMIs to comply with the range of requirements and expectations on outsourcing and third party risk management, throughout the lifecycle of such arrangements.”