Financial Services Technology Outsourcing: The UK Regulators Flex Their Muscles

It’s all very well to issue regulatory guidance – but it’s what you do to enforce it that really counts. The UK financial services regulatory agencies have imposed fines exceeding $2 million on a UK bank that did not implement enough oversight on an outsourced provider of technology services.

In this alert, we discuss the firmer approach being adopted by UK regulators when it comes to compliance with technology outsourcing rules.

Read our client alert.