The European Banking Authority (EBA) Guidelines bring in a new regulatory regime for financial services businesses that want to outsource, and those to whom they outsource. The positive news is that for banks these Guidelines supersede three other sets of rules, which makes things a bit simpler. The bad news is that they are likely to create work for busy supplier management and legal teams, because if outsourcing contracts are not compliant by the deadlines they need to be made compliant. Insurers need not feel left out – EIOPA is bringing out an equivalent set of guidelines which in many ways mirror the EBA Guidelines.
This session will give an overview of the EBA Guidelines, and what you need to be doing to comply with the. We shall focus on some of the potential tricky areas for banks and suppliers and we shall look ahead to the EIOPA Guidelines.
Monday, November 25th
- 9 am Seattle
- 12 am New York / Caracas / Santo Domingo
- 4 pm London / Lagos / Lisbon
- 6 pm Paris / Cape Town
- 7 pm Helsinki / Amman / Moscow / Doha
- 8 pm Dubai
- 9:30 pm Mumbai
- 12 am Perth / Singapore / Beijing
Our Experts: Yvonne Dunn and Angus McFayden
Yvonne is a Partner who leads our financial services technology practice and specialises in advising on non-contentious technology matters, including outsourcing, systems development and integration, e-commerce and IT procurement for banks. Yvonne also leads our FinTech practice and advises both established financial services businesses and fintechs, as well as on collaboration activity between the two. She is a board member of Fintech Scotland.
Chambers and Partners describes Yvonne as "an outstanding lawyer who brings experience and gravitas to complex transactions."
Angus is an experienced technology lawyer advising on a range of sourcing and contracting matters, with a particular focus on data assets and emerging technologies in the financial services sector. He regularly advises clients across the sector, including banks, clearing schemes, card schemes, insurers and wealth managers on the delivery of strategic and cross-border projects. He has particular expertise in managing the overlap between product regulation and technology, particularly in the field of payments. He has worked with both suppliers and customers on innovative product launches, and engaged with regulators in the UK and international. More broadly, Angus is one of the firms thought leaders in Fintech, and regulatory writes and speaks at industry events on the topic.