Published Date: 11 December 2023

Guidelines on Outsourcing (Banks)

Guidelines on risk management practices pertaining to the management of outsourced relevant services for banks and merchant banks.

These guidelines are effective on 11 December 2024 and apply to all banks and merchant banks in Singapore, and set out MAS’ expectations of a bank or merchant bank that has entered into or is planning to enter into, an arrangement for ongoing outsourcing relevant services, with the exception of arrangements for exempted Outsourced Relevant Services set out in Annex D of MAS Notices 658 and 1121.