The aim of the outsourcing register is to provide both internal parties as well as external parties, such as external auditors or the Central Bank, with a comprehensive overview of a Bank’s outsourcing. In order to meet these objectives, an outsourcing register should be established and maintained that is:
 

1. Comprehensive;
    
2. Up to date;
    
3. Allows to distinguish between material and non-material outsourcing;
    
4. Allows to distinguish between varying levels of risk;
    
5. Specifies whether data is being shared and if so, what type of data.