In the case of a bank, the risks that arise when certain areas (business functions) are transferred to other companies. In this case, the supervisory authorities require special safety precautions; for Germany, see Section 25a of the German Banking Act (KWG). In particular, the outsourcing must not impair the management’s steering and control capabilities or the supervisory authorities’ auditing rights and monitoring duties. – See outsourcing, brokerage, contractual trust arrangement, file management, centralized, ancillary services, bank-related, outsourcing, spin-off, transaction bank, trust models.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/