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Prudential Regulation Authority (PRA) Third-Party Risk Risk Management

A&O Shearman

EBA consults on draft guidelines for third-party risk management for non-ICT related services

A&O Shearman on

The European Banking Authority (EBA) has published a consultation paper on its draft guidelines for managing third-party risk with regards to non-ICT related services. The guidelines will revise and update its prior 2019...more

Katten Muchin Rosenman LLP

UK Financial Insights from Katten | Issue 21

UK Financial Insights from Katten is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe....more

Mitratech Holdings, Inc

Operational Resilience: UK’s PRA Extends Coverage to New Companies

Operational Resilience – the ability for financial institutions to remain effective despite the impact of business interruptions – has shaped the plans of senior managers in financial services in the UK for over three years....more

Morgan Lewis - Tech & Sourcing

UK Prudential Regulation Authority Clarifies Third-Party Risk Management Expectations

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

Williams Mullen

Managing Risks in Vendor Relationships

Williams Mullen on

For years, banks have relied on third party vendors to provide specialized products or services, or have used outsourcing as a way to reduce internal operating costs. In the wake of the financial crisis, however, regulators...more

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