Podcast: Clearing Up Regulatory Obligations in Cloud Services 2.0
Melissa MacGregor, Managing Director and Associate General Counsel at SIFMA, sat down with Larry Bortstein, Founder of Bortstein Legal Group,…
SIFMA is working with members, regulators, and service providers to help navigate the challenges of adopting cloud solutions in the financial services industry.
Many financial institutions are considering using cloud technology primarily for faster and cheaper scalability of computing power and data storage than is currently offered by more traditional, locally installed solutions. Yet, regulations and guidance have imposed obstacles on the widespread adoption of cloud in the financial services industry, thus potentially causing a disadvantage to the industry. These requirements include shared responsibility, audits, regulator access to records, information security, security breach, business continuity planning, confidentiality, and termination.
SIFMA’s white paper, Navigating Regulatory Challenges in Cloud Infrastructure Services Agreements, is intended to help foster those conversations and help all participants better understand the regulatory challenges faced by financial institutions.
Podcasts
Melissa MacGregor, Managing Director and Associate General Counsel at SIFMA, sat down with Larry Bortstein, Founder of Bortstein Legal Group,…
Pennsylvania + Wall
Cloud services offer faster and more economical scalability of computing power and data storage than alternative locally installed solutions, but…
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SIFMA Cloud White Paper – BLG October 23 2020
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