( September 18, 2026, 09:56 GMT | Official Statement) -- MLex Summary: EU financial entities are facing updated European Banking Authority guidelines for managing risks from external service providers. The rules focus on arrangements supporting critical or important functions and cover due diligence, contracts, subcontracting, monitoring, documentation and exit planning. They are intended to ease requirements for lower-risk arrangements while creating a more consistent framework, the EBA said. While the implementation date has yet to be set, companies will have a two-year transitional period to comply with the new requirements.Press release follows. Guidelines attached. ...
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