The Bank of England has published its revised supervisory statement on outsourcing and third-party risk management for central counterparties (CCPs). The supervisory statement explains how CCPs should interpret key definitions and manage risks across all third‑party and outsourcing arrangements, apply proportionality including for intragroup outsourcing, meet expectations for governance, risk management and record‑keeping, assess and manage outsourcing risks during the pre‑outsourcing phase including materi ...