ABS OSP REGISTRY

Important Notice – ABS OSP Registry Login:
If you require a password to access the ABS OSP Registry, please contact ABS for assistance. You may email us at outsourcing@abs.org.sg for more information.

Note:
Undertaking an Outsourced Service Providers Audit Report (OSPAR), does not diminish the obligations of a bank/institution to comply with relevant laws and regulations in Singapore. It is important that a bank/institution adopts a sound and responsive risk management framework for its outsourcing arrangements.

While outsourcing arrangements can bring cost and other benefits, it may increase the risk profile of a bank/institution due to, for example, reputation, compliance and operational risks arising from failure of a service provider in providing the service, breaches in security, or the service provider’s inability to comply with legal and regulatory requirements.