New Government Outsourcing Playbook

Outsourcing has become an increasingly fraught activity, with a number of high-profile events such as the collapse of Carillion dominating the news cycle in recent months.  The launch of the Government Outsourcing Playbook is in part an acknowledgment of, and a response to, the heightened scrutiny that is being applied to outsourcing practices in general … Read more

Time to Mobilise: EBA finalises Guidelines on Outsourcing Arrangements

Following consultation in the second half of 2018, the European Banking Authority (“EBA“) published its Final Report on Draft Guidelines on Outsourcing Arrangements (the “Guidelines“) on 25 February 2019. Most provisions of the Guidelines will enter into force on 30 September 2019. At the same time, the Guidelines will replace those issued by the EBA’s … Read more

Digital TMT and Sourcing Predictions 2019

  2018 was a landmark year for digital TMT and sourcing. Against the backdrop of the UK’s impending departure from the EU, there were a wealth of highlights as regulation moved further towards greater harmonisation at the European level; the EU General Data Protection Regulation (“GDPR“) came into effect on 25 May 2018 and implemented … Read more

Fintechs: the golden ticket to innovation?

If the level of capital flowing into the financial technology sector is any indication, the growth in number and size of financial technology start-ups cannot be denied. According to a report by KPMG, global investment in fintech companies reached US $57.9 billion by mid-year of 2018, already exceeding the total investment figures of 2017. Click … Read more

Sourcing in the Digital Age – Shaped by Disruption

Many people believe that we are currently witnessing a fourth industrial or technological revolution, with the advent and increasing use of a wave of disruptive technology. Over the past fi ve years, the market has seen the arrival of a range of new technologies that have transformed the sourcing market and delivery models for both … Read more

Outsourcing to the Cloud: EBA issues Final Report on Recommendations

On 20 December 2017 the European Banking Authority (“EBA”) published its Final Report: Recommendations on Outsourcing to Cloud Service Providers (“CSPs“). The Recommendations will apply from 1 July 2018 to credit institutions as well as investment firms (i.e. not solely to banks). The aim of the EBA Recommendations is to: (i) provide guidance for institutions … Read more

Public Sector IT Procurement Update: UK Government publishes updated Model Services Contract, guidance on GDPR re-papering and extends “G-Cloud 9” framework for cloud services procurement

Model Services Contract: On 1 January 2018, the Cabinet Office, Crown Commercial Service (“CCS“) and the Government Legal Service (“GLS“) published an updated version of the Model Services Contract (“MSC“). This version is stated to reflect developments in government policy, regulation and the market. Read more