On February 27, Skadden presented a webinar on "Outsourcing in the Financial Services Industry — Finding Opportunities and Managing Risk." A panel discussed how financial institutions can maximize their outsourcing opportunities while managing the risk inherent in such relationships. Topics included the impact of the recent OCC and FRB guidance on managing third-party risk; best practices when negotiating outsourcing agreements; positions that vendors take on critical issues; and how cybersecurity attacks are shaping the outsourcing landscape. Speakers included intellectual property and technology co-head Stuart Levi, financial institutions regulation and enforcement head William Sweet, and New York intellectual property and technology counsel James Talbot.
Click here to read a summary of the webinar's key takeaways.