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Banks do not have to guarantee an independent right to audit the business premises of their cloud service providers to adhere to regulations that apply to material cloud outsourcing arrangements, the European Banking Authority (EBA) has said. 19 May 2017
A US firm responsible for operating infrastructure that supports financial trading has outlined plans to migrate more of its applications and services into a cloud environment. 16 May 2017
Section 33 of the Personal Data (Privacy) Ordinance (PDPO) is likely to come into force in Hong Kong soon. Here is how employers can prepare in advance to ensure that they comply.
Businesses and outsourcing suppliers often face problems that cause commercial harm but are not serious enough to merit using contractual remedies, which are usually confined to damages claims or contract termination.
Cloud computing providers could be forced to make it easier for businesses and consumers to move all their data to rival providers under new EU laws being considered. 12 May 2017
A new EU cybersecurity action plan should be developed which specifically addresses the cyber risks of using APIs (application program interfaces) for financial services data sharing, a committee of MEPs has said. 04 May 2017
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