Bird & Bird lawyers prepare an article on Cloud Computing regulations in Poland

Sławomir Szepietowski and Filip Windak from Bird & Bird Warsaw’s Finance and Financial Regulation practice have prepared an article for OneTrust DataGuidance entitled: "Information processing by supervised entities using public or hybrid cloud computing services."

The Polish Financial Supervision Authority (PFSA) applies local regulations on cloud outsourcing rather than the ones prepared by the European Banking Authority (EBA). The PFSA's statement on this topic, issued on 23 January 2020, provides guidance for entities supervised by the PFSA, such as banks, payment institutions, pension funds, insurance companies, and investment firms. Although the EBF guidelines and the PFSA's announcement are not diametrically opposed, the Polish version of the regulations contains requirements reflecting the specific nature of the Polish market.

In the article, our lawyers discuss these differences from the perspective of cloud solution providers for the Polish financial services sector and European players with branches in Poland, considering pan-European implementation of globally applied services.

Read the Report here >

News & Deals

More News & Deals

News

Bird & Bird continues sponsoring Slush Investor Day, reinforcing commitment to Nordic tech investment

Sep 13 2024

Read More

News

Bird & Bird’s Aviation team in Asia-Pacific ranks 2nd in AFG Legal Survey

Sep 12 2024

Read More

Deal

Bird & Bird has advised East Japan Railway Company in the sale of Decorum Vending Limited

Sep 11 2024

Read More

Deal

Bird & Bird advised Capital Croissance on its investment in Aether FS

Sep 09 2024

Read More

Deal

Bird & Bird acts as sell-side legal advisor to Vitruvian Partners on its sale of Benify

Sep 06 2024

Read More

Deal

Bird & Bird advise Leo Capital on launching their first Nordic Fund

Sep 05 2024

Read More