Intra-group service provider

From ACT Wiki
Revision as of 20:00, 17 January 2024 by Doug (talk | contribs) (Add link.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

Supply chain - suppliers.

A service provider that is part of a financial institution’s group and provides services to entities within this same group.


"Intra-group service providers may include a financial institution’s parent undertaking, sister companies, subsidiaries, service companies or other entities that are under common ownership or control.

Branches are not considered intra-group providers, as they are not separate legal entities from their head offices."

Enhancing Third-Party Risk Management and Oversight: A toolkit for financial institutions and financial authorities, Financial Stability Board, December 2023


See also