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Banking & Finance

 
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IACCM Council Representatives
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THE IACCM BANKING & FINANCE NETWORK

The purpose of the banking and finance community of interest is to provide its members with insights to new trends and emerging practices in the fields of contract, commercial and relationship management. While these will be in the context of the banking and finance sector, they will draw from knowledge and ideas that are current and relevant in other sectors and those related to the industry. A key goal is to improve the performance of contracts and relationships.

The objectives will be met by sharing ideas, discussing challenges, exploring new directions and, where appropriate, initiating research or inviting experts to present on key topics related to contract, commercial and relationship management.

Meetings will be virtual (by phone or webinar) unless in specific cases there is an agreed wish to have physical meetings or workshops to develop specific initiatives.

Group Mission/Vision: Provide its members with insights to new trends and emerging practices in the fields of contract, commercial and relationship management.

 
 
Network Updates

Thought Leadership Webinar: EBA Guidelines on Outsourcing Arrangements

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.

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Trends in Payment Terms Survey Results 2019

This report shows the results of a survey undertaken in July / August 2019, examining trends in payment terms. Responses came from 393 organizations, from diverse industries and geographies.

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Men vs. Women in Contract & Commercial Management

The field of Contract & Commercial Management still has some way to go in creating equality between male and female professionals. It begins with the finding that overall just 32% of the community are women and is compounded by the fact that they are less than half as likely to be in a senior management role. This is especially the case in Procurement, where the ratio of women is just under 30% (compared with 40% in sales contracting).

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Panel discussion: using IACCM Contracting Principles to achieve Speed to Contract - IACCM Americas Conference 2019

In this session our experts will provide real examples of how companies have used IACCM Contracting Principles to streamline and balance contract templates and how they overcame initial pressures to maintain one-sided agreements. We will also discuss how these general Principles can be translated into specific contracting guidelines for particular market sectors that have their own market practices. Hal Bretan, Chief Counsel, BT Lita Bollimpalli, Associate General Counsel, Verizon Business Network Services Inc. Christine Pauleau, Senior Counsel, iConPerformance Moderated by: Cathy Brixen, Corporate Counsel, W. L. Gore & Associates, Inc.

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Interactive discussion: are principles and standards the future? - IACCM Americas Conference 2019

Interactive discussion: are principles and standards the future? Including the results of the contracting terms joint survey Michael Mensik, Partner, Baker McKenzie Hal Bretan, Chief Counsel, BT Americas Inc. Lita Bollimpalli, Associate General Counsel, Verizon Business Network Services Inc. Chaired by: Paul Branch, COO & CTO, IACCM

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Joint Ventures

Hi Would anyone be happy to have a discussion with me, or give me some pointers on managing a JV where you are both a customer, supplier and a shareholder? It would be good to understand how other companies navigate this tricky relationship and if there is any IACCM best practice I should adhere too? I have different contract managers who are responsible for the customer and supplier side to eliminate any conflict of interest, but the whole governance is so much more complex than a straight commercial arrangement. Therefore, if anyone has any experience or observations they would be happy to share, I would really appreciate your help. Kind Regards Jan

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Webinar - Building the Foundation for Professional and Organizational Success

I like the idea of asking new employees what their learning style is during the onboarding training period. I too am a visual learner, so by seeing and doing the work first-hand during training helps me to learn better and faster. Good idea as it helps promote inclusion and diversity and increase employee morale as not everyone's learning style is the same and should make the employee comfortable in a new environment.

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10 Pitfalls to Avoid in Contracting

I note that the post is from November 2015. Would you say that the statistics for these 10 have remained the same in 2019? Is it possible to get more information about the survey that was conducted, where did the input come from? For example, what is the 9.2% financial benefit / Erosion based on?

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Jurisdiction

For Agreement between the Parties of differnet origin , the aurgument starts up on Jurisdiction and governing law for the AGreement. while both the Parties are interested in proposing law of their respective country to be made applicable to the AGreement, I want to know whether there is any list of prioritised or ranked Jurisdiction/ Govering law like World bank ranks each country a ranking for " ease in doing business" and almost 190 countrites are listed. For example, I propose indian law and other Party would prefer Laws of Singpore to be governing law. Can parties choose England and wales as nuetral or any other preferred law.

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