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European Banking Authority (EBA) › Outsourcing › Information Technology

Morgan Lewis - Tech & Sourcing

EBA Proposes Extending Outsourcing Requirements to All Third-Party Arrangements

Morgan Lewis - Tech & Sourcing on

The European Banking Authority (EBA) recently published a consultation paper (Consultation) that proposes to expand third-party risk management requirements for certain EU-regulated financial entities. The Consultation would...more

BCLP

Cloud, Data Centre Sale-Leasebacks and the Pandemic - Accelerating Trends for UK and European Regulated Firms

BCLP on

The COVID-19 pandemic has accelerated the two linked trends of financial institutions transferring their IT infrastructure to the cloud and selling their self-owned data centres in order to lease back only the reduced space...more

Morgan Lewis - Tech & Sourcing

UK Prudential Regulation Authority Clarifies Third-Party Risk Management Expectations

Morgan Lewis - Tech & Sourcing on

The UK Prudential Regulation Authority (PRA) published a policy statement (PS7/21) and a supervisory statement (SS2/21) on clarifying and modernizing regulatory expectations of outsourcing and third-party risk management on...more

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