22 January 2021
Revised Technology Risk Management Guidelines
www.twobirds.com/en/news/articles/2021/singapore/revised-technology-risk-management-guidelines

The Monetary Authority of Singapore (“MAS”) recently revised its Technology Risk Management Guidelines (the “Guidelines”) which are to be observed and followed by all financial institutions (“FIs”) that are regulated by ...

17 June 2020
New Danish regulation of outsourcing for credit institutions etc
www.twobirds.com/en/news/articles/2020/denmark/nye-regler-om-outsourcing-for-kreditinstitutter

On 1 July 2020, executive order no. 877 of 12 June 2020 on outsourcing for credit institutions etc. (Outsourcing Order) will replace the current executive order on outsourcing of significant areas of activity no. 1304 ...

08 April 2021
Germany’s financial sector faces stricter outsourcing rules
www.twobirds.com/en/news/articles/2021/germany/germanys-financial-sector-faces-stricter-outsourcing-rules

After financial scandals, Germany envisions changes to its financial regulatory frameworks. The bill presented by the Federal Ministry of Finance proposes sweeping changes regarding the supervision of outsourcers.

19 November 2019
Review of Danish outsourcing rules for the financial services sector
www.twobirds.com/en/news/articles/2019/global/review-of-danish-outsourcing-rules-for-the-financial-services-sector

On 15 November 2019, the Danish Financial Supervisory Authorities (Danish FSA) published a consultation of a new bill with the aim of aligning the outsourcing regulation for financial institutions, including e-money and ...