News & Analysis as of

Cloud Computing Outsourcing

Financial Regulatory Observer - September 2017: Regulators put their heads in the cloud

by White & Case LLP on

A new wave of IT outsourcing by banks raises some important questions for regulators. Financial Regulatory Observer (FRO): Why is outsourcing back at the top of the agenda for banks and supervisory authorities? ...more

European Banking Authority (EBA) Publishes Draft Recommendations for Outsourcing to the Cloud

The European Banking Authority (EBA) has opened a consultation on its draft recommendations for financial institutions outsourcing to cloud service providers across all cloud-related domains including infrastructure as a...more

Navigating the IoT Workplace Quagmire

by Morgan Lewis on

The Internet of Things (IoT) promises a societal transformation based on a virtuous circle of constantly improving connectivity, integration, data, intelligence, and automation. One important element of this transformation is...more

Outsourcing Lessons from an “Uber” Uber-Rider

by LeClairRyan on

In July 2015, my 12-year-old SUV, with 220,000 miles, finally breathed its last breath. It was time for me to buy a new car. But, instead, I decided to try a little personal experiment with the “sharing economy.” Based on...more

Monetary Authority of Singapore outsourcing guidelines 2016

by DLA Piper on

The Monetary Authority of Singapore (MAS) has published its new and replacement Guidelines on Outsourcing on 27 July 2016. The Guidelines are intended to provide comprehensive guidance over the risk management practices that...more

The 2016 Outsourcing Market Assessment

This year, we have seen outsourcing activity increase across various functions. We have identified the rapidly expanding use of cloud-based offerings and an increasing shift of automation as increased market trends over the...more

"Navigating a More Complex Outsourcing Industry With Well-Crafted Agreements"

Outsourcing is once again on the rise, due to three key factors: (1) the increased use of cloud computing to deliver more services at a lower price, (2) a marked increase in the number of midsized, high-quality service...more

"Intellectual Property and Technology News (Asia Pacific) - November 2015

by DLA Piper on

Welcome to the latest Asia Pacific Edition of Intellectual Property and Technology News, our biannual publication designed to report on worldwide developments in intellectual property and technology law, offering perspective,...more

Outsourcing by Canadian Companies after the USA PATRIOT Act

by Field Law on

Wondering about outsourcing your data to the U.S.? What follows is an update to one of our most popular posts: Outsourcing by Canadian Companies: Another Look at the USA PATRIOT Act, originally written in January 2013....more

Cloudy Days….Where Next for Outsourcing?

by DLA Piper on

In recent times, we have seen an increasing number of deals where the required services have been delivered from the cloud, i.e., from remotely hosted solutions, usually (albeit not always) offered on a “one to many” basis...more

How Oil and Gas Companies can Optimize Technology Performance and Costs During Oil Price Volatility

by Latham & Watkins LLP on

An unexpected surge in production coupled with weakened global demand has resulted in a 50 percent drop in the price of crude oil since June 2014 and currently averaging US$50 a barrel. The Organization of the Petroleum...more

2014 Outsourcing Market Assessment

Catching the Fourth Wave: Cloud Computing Driving Outsourcing Transactions in 2014 - The first half of 2014 has shown a measured uptick in the volume of outsourcing transactions. Industry experts predicted a 12...more

Technology & Sourcing News - October 2013 (Global)

by DLA Piper on

- What's in an indemnity anyway? - Kit Burden provides an informative overview of the use of indemnities in IT and outsourcing contracts, including guidance on what to look out for when drafting or negotiating these...more

Global Sourcing Group -- Spring 2013

by Morrison & Foerster LLP on

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

Outsourcing by Canadian Companies: Another Look at the USA PATRIOT Act

by Field Law on

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

Outsourcing to the Cloud

by Ervin Cohen & Jessup LLP on

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

FFIEC Releases Statement on Cloud Computing Risks and Considerations

by Holland & Knight LLP on

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

FFIEC Statement on Outsourced Cloud Computing

by White & Case LLP on

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

FFIEC Issues Statement on “Cloud Computing” Risk Management

by Davis Wright Tremaine LLP on

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

Federal Financial Agencies Issue Cautionary Statement on Financial Institution Cloud Computing Services

by Morrison & Foerster LLP on

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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