Despite the increasing range of service providers offering cloud computing solutions to the financial services industry, many financial institutions struggle to secure the types of controls and other measures they would normally obtain in other types of IT transactions in order to comply with their regulatory obligations and internal procedures. Can service providers accommodate them or do banks have to reassess their expectations of the cloud?
During this session, Mark Prinsley (Partner, Mayer Brown) will highlight and chair a discussion of the key issues that typically come up in a negotiation between a cloud service provider and a financial institution.
Chair:
Mark Prinsley, Partner, Mayer Brown International LLP
Panelists:
Craig Rogers, Lead Counsel, Financial Services Europe, IBM
Jill Savager, Manager, Operational Risk, Investment, Wholesale and Specialist Supervision Division, The Financial Conduct Authority
Neal Suggs, Vice President and Associate General Counsel, Microsoft Corporation
Oliver Yaros, Senior Associate, Mayer Brown International LLP
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