Published Date: 07 February 2019

Consultation Paper on Outsourcing by Banks and Merchant Banks

This consultation paper seeks feedback on proposed revisions to the regime governing banks’ and merchant banks’ outsourcing arrangements, including proposed amendments to the Banking Act. MAS proposes to issue an Outsourcing Notice for Banks and Merchant Banks that will set out identical requirements for banks and merchant banks in respect of outsourcing arrangements which are material.
Consultation Number:
P002 - 2019
Start Date:
07 February 2019
Closing Date:
08 March 2019
MAS Response Date:
05 November 2019
Response date: 05 Nov 2019
The consultation response was published on 05 November 2019.