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2 weeks ago | 
mondaq.com | Rhiannon Monahan |Ian Duffy |Robert Cain |Sarah Thompson
In the final article of our mini-series 'A PractitionersGuide to IT Outsourcing', Rhiannon Monahan, an Associate Director within ourGovernance and Consulting Services Group highlights the keycomponents of a robust vendor management programme, including keyregulations to be incorporated into your oversight and duediligence activities.
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2 weeks ago | 
mondaq.com | Denise Murray |Sarah Thompson |Robert Cain |Stephen D'Ardis
There are now just three months to go until the SeniorExecutive Accountability Regime (SEAR)under the Central Bank of Ireland's IndividualAccountability Framework (IAF) will applyto non-executive directors and independent non-executive directors((I)NEDs) of relevant credit institutions,insurance undertakings and investment firms (in-scopeentities). SEAR obligations have applied to all otherexecutives since mid-2024.
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4 weeks ago | 
mondaq.com | Louise O'Byrne |Robert Cain |Sarah Thompson |Maedhbh Clancy
Under the Central Bank (Individual Accountability Framework)Act 2023, the Central Bank is empowered to prescribe BusinessStandards for all or specific classes of regulated entities. Draft'Standards for Business' Regulations formed part of the Central Bank's 2024 consultation on changes tothe Consumer Protection Code (CPC).
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1 month ago | 
mondaq.com | Rhiannon Monahan |Ian Duffy |Robert Cain |Sarah Thompson
In the fourth and penultimate article of our mini-series 'APractitioners Guide to IT Outsourcing', Rhiannon Monahan, an Associate Director within ourGovernance and Consulting Services Group and former Headof Outsourcing Oversight to a number of financial entities,outlines some practical suggestions when it comes to identifyingand managing outsourcing risk, with a particular focus on thesub-categories of concentration, country and data risk.
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1 month ago | 
mondaq.com | Rhiannon Monahan |Ian Duffy |Robert Cain |Sarah Thompson
AC Arthur Cox More Arthur Cox is one of Ireland’s leading law firms. For almost 100 years, we have been at the forefront of developments in the legal profession in Ireland. Our practice encompasses all aspects of corporate and business law. The firm has offices in Dublin, Belfast, London, New York and Silicon Valley.
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1 month ago | 
mondaq.com | Rhiannon Monahan |Ian Duffy |Robert Cain |Sarah Thompson
AC Arthur Cox More Arthur Cox is one of Ireland’s leading law firms. For almost 100 years, we have been at the forefront of developments in the legal profession in Ireland. Our practice encompasses all aspects of corporate and business law. The firm has offices in Dublin, Belfast, London, New York and Silicon Valley.
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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?
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1 month ago | 
mondaq.com | Rhiannon Monahan |Ian Duffy |Robert Cain |Sarah Thompson
In this first article of our mini-series 'A PractitionersGuide to IT Outsourcing', Rhiannon Monahan, an Associate Director within ourGovernance and Consulting Services Group and former Head ofOutsourcing Oversight to a number of financial entities, outlinessome practical suggestions on how to identify IT Outsourcing; howto categorise arrangements for IT Services; and the divergencebetween the outsourcing guidelines and the Digital OperationalResilience Act ("DORA").
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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?
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1 month ago | 
mondaq.com | Rhiannon Monahan |Ian Duffy |Robert Cain |Sarah Thompson
AC Arthur Cox More Arthur Cox is one of Ireland’s leading law firms. For almost 100 years, we have been at the forefront of developments in the legal profession in Ireland. Our practice encompasses all aspects of corporate and business law. The firm has offices in Dublin, Belfast, London, New York and Silicon Valley. Last week, the European Central Bank ("ECB") released its horizontal analysis of the most recent Outsourcing Registers submitted by significant institutions (SIs).
