Key Considerations for FI-CSP Contracts: Managing Risks and Meeting Regulations

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Presented by

Allen Brandt, DTCC; John Carlson, American Bankers Association; John McDonals, Bank of America

About this talk

During this webinar you will hear from senior financial services executives who led a financial sector-wide collaboration to address challenges raised in the US Treasury Cloud Report related to transparency, resource gaps, exposure to operational incidents originating at Cloud Service Providers (CSPs), and contract negotiation dynamics. These executives will review the key outcomes from the Financial Services Sector Coordinating Council’s Cloud Outsourcing Issues and Considerations Workstream which produced a paper with key considerations for developing contractual provisions between financial institutions and CSPs to address risks, regulatory and supervisory compliance expectations when using cloud services.
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