Reserve-Bank-publishes-final-outsourcing-policy-decisions

Reserve-Bank-publishes-final-outsourcing-policy-decisions

The Reserve Bank today published its final policy decisions on a revised outsourcing policy for locally incorporated registered banks.

An earlier review of the current outsourcing policy, which is published in chapter 11 of the Banking Supervision Handbook (BS11), found that the policy was being inconsistently applied. This lack of consistent compliance with the policy could compromise system stability in stress situations and potentially undermine the viability of Open Bank Resolution (OBR).