ESMA publishes Principles for third-party risk supervision

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The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published newly developed Principles on third-party risks supervision. These principles aim at supporting a common and effective EU-wide supervisory culture.

The 14 principles on third-party risks were developed to address the growing risks observed over recent years in the use of outsourcing, delegation or other types of third-party services by supervised firms.

The principles provide a common supervisory basis to National Competent Authorities (NCAs) and ESMA, enhancing the robustness of supervisory frameworks and help supervised entities understand and manage third-party risks.

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ESMA publishes Principles for third-party risk supervision

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https://www.esma.europa.eu/press-news/esma-news/esma-publishes-principles-third-party-risk-supervision

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ESMA publishes Principles for third-party risk supervision

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