FSC Banking Outsourcing Regulations

The Financial Supervisory Commission (“FSC”) is responsible for the inspection and supervision of banks, insurance enterprises and financial institutions in Taiwan with the objective of improving business operations, maintaining financial stability, and promoting the development of financial markets.

The FSC Regulations Governing Internal Operating Systems and Procedures for the Outsourcing of Financial Institution Operation (“Banking Outsourcing Regulations”) have been developed to assist banks in meeting their legal obligations under the Banking Act to protect customer rights and provide guidance on how to manage risk effectively when outsourcing to third parties. The Banking Outsourcing Regulations provide specific guidance on continuity, monitoring the outsourcing agreement, sub-outsourcing, audit, access and information rights.

Google Cloud’s contracts for financial institutions in Taiwan address the requirements in the Banking Outsourcing Regulations. We have also created mappings to the guidelines for both Google Cloud and Google Workspace to assist you with understanding how we can support you with meeting the requirements and assess us as an outsourced service provider. Google Cloud is committed to addressing these requirements regardless of how financial institutions choose to use our services.