This white paper looks at how emerging regulations will impact financial services firms across Europe. In particular it will examine the impact of the European Banking Authority Outsourcing Guidelines, which apply from 30th September 2019, to all outsourcing arrangements.
It examines the common themes in many of the regulatory approaches including themes around:
- Executive and Board responsibility
- Measuring security effectiveness
- Managing risk in the ecosystem
It explains why, in this new era of cloud, as many financial firms look to outsource to strategic service providers, it has never been more important for security and risk leaders to know their industry’s security performance standards, third-party risk associated with outsourcing and how financial services firms face legal liability for failing to meet customer requirements and industry-wide standards of care for cybersecurity.
Read this white paper to learn more about the European regulatory landscape and to understand what the regulators are currently looking for.