Tristan Jonckheer

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Bank of England publishes new consultation papers on outsourcing for payment networks and other Financial Market Infrastructures

United Kingdom - May 3 2022 On 14 April 2022, the Bank of England (BoE) published three consultation papers on "Outsourcing and third party risk management" applicable to…

Five steps for delivering a remediation project

European Union, United Kingdom - August 2 2021 Firms have five months before the deadline to bring legacy outsourcing arrangements into compliance with the European Banking Authority "Guidelines…

Michael Wainwright

PRA extends deadline for EBA outsourcing guidelines remediation due to COVID-19

United Kingdom - April 7 2021 Following the PRA's December 2019 consultation on operational resilience and outsourcing (CP30/19) (see article here), on 29 March 2021: the PRA…

Michael Wainwright

Regulators publish consultation papers on “operational resilience” and outsourcing

European Union, United Kingdom - December 16 2019 Following a number of high-profile IT failures and data breaches in the financial services sector, a key priority for the Bank of England, Prudential…

Michael Wainwright

Cyber insurance: What is it good for?

Global, USA - October 16 2019 Cyber insurance is a relatively new area for both companies and insurers. In the past, it has suffered from a lack of understanding. In a 2016 PwC…