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