Ciaran Flynn

1 month ago | lexology.com | Ciaran Flynn |Rhiannon Monahan |Ian Duffy |Robert Cain |Sarah Thompson |Ciara Anderson | +1 more

In the second article of our mini-series ‘A Practitioners Guide to IT Outsourcing’, Rhiannon Monahan, an Associate Director within our Governance and Consulting Services Group and former Head of Outsourcing Oversight to a number of financial entities, outlines which sub-contractors firms should be focused on, the impact sub-contracting can have on third-party risk and how changes to sub-contracting arrangements should be managed. Who is a material sub-contractor?

1 month ago | lexology.com | Ciaran Flynn |Rhiannon Monahan |Ian Duffy |Robert Cain |Sarah Thompson |Ciara Anderson

In this first article of our mini-series ‘A Practitioners Guide to IT Outsourcing’, Rhiannon Monahan, an Associate Director within our Governance and Consulting Services Group and former Head of Outsourcing Oversight to a number of financial entities, outlines some practical suggestions on how to identify IT Outsourcing; how to categorise arrangements for IT Services; and the divergence between the outsourcing guidelines and the Digital Operational Resilience Act (“DORA”). What is IT Outsourcing?

2 months ago | lexology.com | Ciaran Flynn |Rhiannon Monahan |Ian Duffy |Robert Cain |Sarah Thompson |Ciara Anderson

Last week, the European Central Bank (“ECB”) released its horizontal analysis of the most recent Outsourcing Registers submitted by significant institutions (SIs). The report highlighted the continued dominance of IT-related outsourcing arrangements and recognised that SIs still have work to do to address deficiencies in the governance of these arrangements, as well as in the areas of IT Security and the management of cyber risks.