The Central Bank will shortly publish a public consultation on proposed cross-industry outsourcing guidance which will re-iterate our expectation of high standards with regard to the governance and oversight of outsourcing arrangements.
[18] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52020PC0595 [19] https://ec.europa.eu/digital-single-market/en/news/revised-directive-security-network-and-information-systemsnis2 [20] See Discussion Paper on management and supervision of ESG risks for credit institutions and investment rms [21] In relation to the equities component of these investment assets, compliance with the UN-supported Principles for Responsible Investment (PRI) was a condition in allocating the mandate for this portfolio.