As part of its 2025–2026 work programme, the Basel Committee is advancing several supervisory initiatives related to the digitalisation of finance. Banks’ increasing reliance on third-party service providers requires moving beyond the traditional concept of outsourcing to encompass a broader range of third-party arrangements. These principles establish a common baseline for banks and supervisors in managing risks associated with third-party providers, while allowing sufficient flexibility to accommodate evolving practices and regulatory frameworks across jurisdictions.
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