Every year, we survey Morrison & Foerster’s Global Sourcing Group lawyers around the world to create a snapshot of the current state of the global outsourcing market and to identify emerging trends that are likely to shape...more
Cloud computing and data outsourcing has been embraced by many Canadian companies. In a recent poll, the adoption rate of cloud-based services by Canadian businesses experienced one of the highest year-over-year increases....more
As many companies turn to cloud computing as a means of increasing accessibility and saving costs, you should consider a variety of risks which require thoughtful planning before moving your data to “the cloud.” Outsourcing...more
The Federal Financial Institution Examination Council (FFIEC), an interagency body that advises a number of federal agencies on appropriate standards for the regulation of financial institutions, recently released a statement...more
On July 10, 2012, the Federal Financial Institutions Examination Council (FFIEC) issued a statement (the "FFIEC Statement") cautioning financial institutions to undertake thorough due diligence and risk assessment for...more
The Technology Subcommittee of the Federal Financial Institution Examination Council (“FFIEC”) — the interagency body responsible for prescribing uniform principles and standards for federal financial institution examinations...more
On July 10, the federal banking regulators, through the Federal Financial Institutions Examination Council (FFIEC), published a statement on outsourcing of cloud computing services by financial institutions. The statement...more
On July 11, 2012, the federal financial regulatory agencies (“Agencies”), through the Federal Financial Institutions Examination Council (“FFIEC”), issued a joint interagency statement (“Statement”) on the use by financial...more
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