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Third-Party Risk Information Technology Outsourcing

Morgan Lewis - Tech & Sourcing

EBA Proposes Extending Outsourcing Requirements to All Third-Party Arrangements

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

Hogan Lovells

The EU NIS2 Directive and intra-group IT services

Hogan Lovells on

Key takeaways The EU NIS2 Directive defines cybersecurity obligations also for entities providing IT services only within their own corporate group of companies. To assess the applicability of these obligations, the necessary...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

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