The final guidelines create new obligations for insurers that will impact cloud outsourcing arrangements.
On 6 February 2020, the European Insurance and Occupational Pensions Authority (EIOPA) published its final...more
2/27/2020
/ Cloud Service Providers (CSPs) ,
Draft Guidance ,
EIOPA ,
EU ,
European Banking Authority (EBA) ,
Financial Institutions ,
Insurance Industry ,
Outsourcing ,
Public Contracts ,
Reinsurance ,
Solvency II
UK Treasury Committee report warns that the current level and frequency of disruption and consumer harm is unacceptable.
On 28 October 2019, the Treasury Committee published a report on IT failures in the financial...more
10/30/2019
/ Banking Sector ,
Corporate Communications ,
Corporate Management ,
Financial Services Industry ,
HM Treasury ,
Information Reports ,
Information Technology ,
Outsourcing ,
Risk Management ,
SMCR ,
UK
Subcontractors, security, and audit and termination rights will require special consideration under forthcoming EBA outsourcing guidelines.
Recent growth in divestiture and carve-out deals in the M&A landscape, including...more
10/29/2019
/ Acquisitions ,
Banking Sector ,
Carve Out Provisions ,
Contract Terms ,
Divestiture ,
European Banking Authority (EBA) ,
Exit Strategies ,
Financial Institutions ,
Mergers ,
Outsourcing ,
Regulatory Standards ,
Subcontractors ,
Third-Party Service Provider ,
Transitional Arrangements
The guidelines create new obligations for financial, payment, and electronic money institutions that will impact cloud outsourcing and deployment of FinTech.
On 25 February 2019, the European Banking Authority (EBA)...more
3/19/2019
/ Cloud Service Providers (CSPs) ,
Cloud Storage ,
Commission Delegated Regulation ,
EU Directive ,
European Banking Authority (EBA) ,
Financial Institutions ,
FinTech ,
Information Reports ,
MiFID II ,
Outsourcing ,
Payment Systems ,
UK
Technology outsourcing by financial institutions (FIs) has increased in recent years as FIs look to the latest innovations to improve their day-to-day business processes and to reduce costs. FIs outsource key functions to a...more
The EBA’s draft guidelines on outsourcing will impact cloud outsourcing and institutions’ deployment of FinTech.
On 4 September 2018, a wide audience of interested individuals gathered at Canary Wharf for a public hearing...more
9/14/2018
/ Capital Requirements Regulation (CRR) ,
Cloud Computing ,
Consultation ,
CRD IV Directive ,
EU ,
European Banking Authority (EBA) ,
FinTech ,
MiFID II ,
Outsourcing ,
Popular ,
PSD2 ,
UK ,
UK Brexit