The European Securities and Markets Authority (ESMA) has released a working paper on financial stability risks from cloud outsourcing, accessible here. Overall, it notes that cloud can increase resilience for financial services firms, but the paper is a timely reminder that a single outage could generate simultaneous
Continue Reading Mitigating the risks of outsourcing IT infrastructure to Cloud Service Providers
The pace of movement towards cloud based service solutions seems to be unrelenting, and encompasses solutions of increasing value and criticality. There is accordingly a lot more discussion and negotiation concerning the contract terms which would govern such services. However, whilst much attention will understandably focus upon important themes such
Continue Reading Hidden Challenges of Enterprise Cloud Engagements
By Thomas M. deButts and Thomas Reynolds
Under an interim final rule issued by the Directorate of Defense Trade Controls (DDTC) that is set to take effect on March 25, 2020, parties will be able to send, take or store unclassified technical data controlled for export under the International Traffic
Continue Reading Foreign ITAR cloud storage now permitted
