Non-bank financial institutions should review their current outsourcing arrangements and practices. 陈川首何汉明Hagen RookeOmar Al-Ali Introduction In 2016, the Monetary Authority of Singapore (MAS) issued revised Guidelines on Outsourcing (Outsourcing Guidelines 2016) to financial institutions. The Outsour...
Financial Operators must keep in mind that, once adopted, these Guidelines will ultimately complement other EBA Guidelines, including inter alia the EBA guidelines on outsourcing arrangements as well as the EBA guidelines on ICT and security risk management. In this regard, Financial Operators should ...
Even here, there is no specific governing the outsourcing of telecommunications. However, certain outsourcing arrangements may have to meet the ancillary rules such as the Federal Communications Commission (FCC). Public Sector: Public contracting in the USA is highly regulated on both state and federa...
However, outsourcing often goes wrong.In recent years, some of the worst IT disasters are partly caused by badly managed outsourcing. Companies are rethinking their approach to outsourcing as considerations such as data protection are forcing businesses to review certain offshoring arrangements. Emerging...
18.2.1 The sponsor should discuss with the Mineral Company and the Competent Person the outsourcing arrangements for engaging contractors for construction of the project and understand the process by which the contractor(s) was chosen. 18.2.2 The sponsor should discuss with management the role of ...
Monetary Authority of Singapore introduces a section on cloud computing services in its outsourcing guidelines for financial institutions as well as removes the need for pre-notification on such arrangements.
A BSP-registered VASP must comply with BSP’s rules and regulations such as those concerning operational risk management, outsourcing, technology risk management, liquidity risk management, internal control, business continuity management, financial consumer protection, anti-money laundering (AML), a...
The SEC proposed a new rule,Outsourcing by Investment Advisers, that provides consistent oversight framework for investment advisers engaging third-party service providers under the Investment Advisers Act of 1940. The proposal is meant to strengthen advisers’ responsibilities prior to engaging a service...
They can be found here: 29 VMware Cloud on AWS with the outsourcing arrangements. Information provided includes: (a) Experience and capability to implement and support the outsourcing arrangements over the contracted period (b) Financial strength and resources (c) Corporate gover...
Banking arrangements for workers’ remittances were also stipulated in the new update. In this regard, designated banks can process these remittances by partnering with CBM-permitted international currency transfer businesses, mobile banking service providers, and mobile money service providers after obtainin...