Webinar playback: Mastering compliance with global IT outsourcing regulations in the Finance Sector

In 2018, the UK’s Financial Conduct Authority (FCA) reported that third-party failure was the second most common cause for technology outages in the financial services sector in 2018 (1), highlighting the importance of firms taking a proactive approach to compliance and ensuring that they have sufficient resilience in place should a third-party go out of business or become unable to fulfil the services agreed.

In a recent webinar, Tim Rawlins, Director and Senior Adviser at NCC Group, gave some best practice advice to support you in achieving compliance with the latest global regulations around third-party risk management so that you can partner with third-party fintech providers with confidence.

What we cover:

• Regulation around IT Outsourcing in the finance sector and the consequences of third-party failure.
• The key areas governed by global regulators such as the FCA, PRA, FFIEC and how to assess the suitability of third-parties.
• Best practice advice to minimise the impact of an interruption of outsourced services and how to master regulatory compliance.

Listen back here now

(1) https://www.fca.org.uk/publication/research/technology-cyber-resilience-questionnaire-cross-sector-report.pdf