{"id":"eba-finalises-guidance-on-banks-third-party-risk","canonicalSlug":"eba-finalises-guidance-on-banks-third-party-risk","url":"https://wellficent.com/en/news/eba-finalises-guidance-on-banks-third-party-risk","language":"en","title":"EBA narrows third-party risk guidance to critical functions","summary":"Final guidelines focus on arrangements supporting critical or important functions and allow a two-year transition.","body":["The European Banking Authority published final third-party risk guidelines on 18 September, aligned with DORA. They focus on external arrangements supporting functions whose disruption could materially impair a financial firm.","The guidance covers risk assessment, due diligence, contracts, subcontracting, monitoring, records and exit planning across ICT and non-ICT services. A two-year transition is intended to support implementation. The EBA says concentrating on higher-risk arrangements should ease unnecessary burden on less material ones while retaining sound risk management."],"keyPoints":[],"sections":[],"text":"EBA narrows third-party risk guidance to critical functions\n\nFinal guidelines focus on arrangements supporting critical or important functions and allow a two-year transition.\n\nThe European Banking Authority published final third-party risk guidelines on 18 September, aligned with DORA. They focus on external arrangements supporting functions whose disruption could materially impair a financial firm.\n\nThe guidance covers risk assessment, due diligence, contracts, subcontracting, monitoring, records and exit planning across ICT and non-ICT services. A two-year transition is intended to support implementation. The EBA says concentrating on higher-risk arrangements should ease unnecessary burden on less material ones while retaining sound risk management.","category":"finance","region":"world","topics":[],"eventDate":"2026-09-18","eventDateBasis":"source-event-or-period","publishedAt":"2026-10-06T00:01:40Z","modifiedAt":"2026-10-06T00:01:40Z","publicationBasis":"first-publication","preparedAt":null,"sourcePublishedAt":"2026-09-18","translatedAt":null,"sources":[{"name":"European Banking Authority","url":"https://www.eba.europa.eu/publications-and-media/press-releases/eba-publishes-its-final-guidelines-management-third-party-risk-delivering-more-proportionate-and","checkedAt":"2026-10-05","publishedAt":"2026-09-18"}],"translations":{"en":"https://wellficent.com/en/news/eba-finalises-guidance-on-banks-third-party-risk","tr":"https://wellficent.com/tr/news/eba-finalises-guidance-on-banks-third-party-risk","ar":"https://wellficent.com/ar/news/eba-finalises-guidance-on-banks-third-party-risk","fr":"https://wellficent.com/fr/news/eba-finalises-guidance-on-banks-third-party-risk","es":"https://wellficent.com/es/news/eba-finalises-guidance-on-banks-third-party-risk","ru":"https://wellficent.com/ru/news/eba-finalises-guidance-on-banks-third-party-risk","pt":"https://wellficent.com/pt/news/eba-finalises-guidance-on-banks-third-party-risk"},"corrections":[],"locations":[]}