In recent years, cloud-based service offerings have evolved as an increasingly attractive service option for organizations to improve service, efficiency and reduce operating costs. The OSFI B-10 Guidelines establish the expected risk management framework that federally regulated financial institutions ("FRFIs") are expected to follow when engaging in outsourcing activities. An FRFI seeking to take advantage of cloud-based services for a material outsourcing faces a difficult challenge in determining if the arrangement is permitted under the B-10 Guidelines, and what contractual terms would be required to satisfy the B-10 Guidelines.
Join Osler's Technology team for an interactive risk assessment workshop where we will review the B-10 Guideline requirements as they relate to cloud-based services arrangements and discuss practical strategies for engaging in cloud-based services outsourcing arrangements.
The workshop will focus on:
- Elements of the B-10 Guidelines that create particular compliance challenges for cloud-based service arrangements
- Recommendations for the introduction of elements into your outsourcing risk management governance framework that are specifically directed to the management of the risks associated with cloud-based services
If you interested in attending this complimentary seminar, please email Lindsay Taylor at email@example.com
This workshop is the first in a series of seminars that will be offered in 2016 around legal developments and know-how in the Tech industry. Stay tuned for our next session on April 26, focusing on Negotiation Strategies.
Have you subscribed to our Technology mailing list? We encourage you to update your profile/subscriptions to ensure you are receiving Osler Updates and seminar invitations that suit your interests and business needs. Subscribe to Osler Updates