News & Analysis as of

Outsourcing Third-Party Service Provider Risk Management

Goodwin

Hotel Amenities: Outsourcing Management to Third Parties and Considerations for Hotel Owners and Operators

Goodwin on

The amenities of a hotel have consistently played a key role in supporting hotel guest services, but as an ever-increasing number of travelers today seek more from a hotel than just a place to sleep, the industry has...more

Mayer Brown

Navigating Facilities Management Outsourcing in a Post-COVID World

Mayer Brown on

The COVID-19 pandemic has significantly reshaped the facilities management (FM) outsourcing landscape. Companies have transitioned from fully office-based work to home-based work, and now to hybrid models, prompting a...more

A&O Shearman

One Step Closer to a Mandated Reference Checks Regime: the MAS finalises its proposals for the regime

A&O Shearman on

The Monetary Authority of Singapore (MAS) has recently finalised its proposals on mandating reference checks. The finalised proposals are substantially in line with those initially proposed in its Consultation Paper on...more

BCLP

Supervision of Vendors When Outsourcing - The Buck Stops with FINRA Member Firms

BCLP on

Key Takeaways: ..On August 13, 2021, FINRA issued Regulatory Notice 21-29 (“RN 21-29”) to remind member firms that they must establish and maintain an adequate supervisory system, including written supervisory procedures...more

White & Case LLP

Operational resilience, third party risk management and impact tolerance in the time of Coronavirus

White & Case LLP on

On 5 December 2019 the Bank of England (Bank), UK Prudential Regulation Authority (PRA) and UK Financial Conduct Authority (FCA) published coordinated consultation papers and policy on new requirements to strengthen...more

Latham & Watkins LLP

Trends in Outsourcing Regulation and Supervision in Financial Services

Latham & Watkins LLP on

Insights from Latham’s flagship event: Managing the risk and promise of digitisation in financial services - The financial services industry is leading the way in outsourcing, with contract values in excess of US$10.7...more

White & Case LLP

Financial Regulatory Observer – June 2019: Outsourcing: Final countdown to implementation

White & Case LLP on

New guidelines reflect the rise of outsourcing by financial institutions in a new era of disintermediation and technological change. In February 2019, the European Banking Authority (EBA) published its final guidelines on...more

Epiq

What to Look for in a Middle Office Outsourcing Provider

Epiq on

Many sources will offer advice on what to look for in a legal process outsourcing (LPO) provider. Features to look for include company longevity, client references, expertise with your size law firm and practices, reasonable...more

Morgan Lewis

MAS issues revised Guidelines on Outsourcing

Morgan Lewis on

Institutions will need to meet deadlines to conduct a self-assessment of existing outsourcing arrangements, rectify identified deficiencies, and put in place measures to mitigate interim risks where a deficiency is...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

A Reminder for Retailers: Risks Associated With Hiring Third-Party Workers

As the retail sector grapples with the many challenges of a perpetually evolving economy and an increasingly mobile, independent, and dynamic workforce, it has become common practice for retailers to engage third parties to...more

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