DS-2.1.22
For the purposes of this analysis, there should be a clear understanding of the following aspects of the shared services at legal entity level:
i. the provider and the recipient of the services;
ii. the nature of the services being provided;
iii. the financial terms on which those services are offered;
iv. the existence of service level agreements and the validity of such agreements in the event of failure; and
v. the impact of default on the ability of the bank to maintain these services.
vi. the substitutability of the services being provided (see above).
July 2018