Cloud computing for financial institutions: Adopting cloud computing solutions in a regulated environment - Monday 12 October 2015, London

When: 12/10/2015

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Hosted and sponsored by Mayer Brown International LLP

Mark Prinsley
, Partner, Mayer Brown International LLP

Craig Rogers, Lead Counsel, Financial Services Europe, IBM
Jill Savager, Manager, Operational Risk, Investment, Wholesale and Specialist Supervision Division, The Financial Conduct Authority
Neal Suggs, Vice President and Associate General Counsel, Microsoft Corporation
Oliver Yaros, Senior Associate, Mayer Brown International LLP

Despite the increasing range of service providers offering cloud computing solutions to the financial services industry, many financial institutions struggle to secure the types of controls and other measures they would normally obtain in other types of IT transactions in order to comply with their regulatory obligations and internal procedures.  Can service providers accommodate them or do banks have to reassess their expectations of the cloud?

During this session, Mark Prinsley (Partner, Mayer Brown) will highlight and chair a discussion of the key issues that typically come up in a negotiation between a cloud service provider and a financial institution.  From the panel, Craig Rogers (Lead Counsel, Financial Services Europe, IBM), Jill Savager (Manager, Operational Risk, Investment, Wholesale and Specialist Supervision Division, The Financial Conduct Authority), Neal Suggs (Vice President and Associate General Counsel, Microsoft Corporation) and Oliver Yaros (Senior Associate, Mayer Brown) will provide their perspectives on the issues that service providers and financial institutions face, the positions that might be reached in these types of transactions and how any solutions for addressing the regulatory challenges of the financial services industry may provide a model for other highly regulated industries adopting cloud solutions in the future.

This event will provide an excellent opportunity for lawyers from financial institutions and other highly regulated industries, service providers and private practice to learn about the issues that arise in cloud computing transactions and to discuss their experiences and perspectives on them with the wider group.

Mark Prinsley is head of the Intellectual Property & IT group at  Mayer Brown International LLP in London as well as the outsourcing practice. His practice involves acting for customers at all stages of outsourcing transactions. Recent outsourcing projects have included acting for a commodity exchange in the outsourcing of its IT functions; a telecommunications company in IT outsourcing; a global bank in the outsourcing of its human resources functions; a global chemicals company in outsourcing its finance and accounting functions; a global automotive company in the outsourcing of human resources functions; and a consumer goods company in Finance and Accounting outsourcing and the implementation of cloud computing arrangements and on privacy related matters.  Mark also works on the technology transactions generally including real time licensing of financial markets data.

Craig Rogers
is lead Counsel for IBM's Financial Services business in Europe.  He advises on a range of regulatory and transactional matters covering all of IBM's brands.  His particular focus is FS Regulatory Compliance in IT Outsourcing.  In addition he is responsible for IBM Global Business Services' FS practice in the UK/Ireland and supports major, strategic engagements with financial institutions in the region.  Prior to joining IBM in 2007, Craig worked for Oracle for 5 years where he supported software and consulting sales in the Financial Services, Utilities and Communications sectors.  Craig trained at Rowe & Maw (now Mayer Brown) and joined KLegal (KPMG Legal) on qualification.  He has an LLB from Sussex University and a postgraduate diploma in European Law from the University of Toulouse, France.

Jill Savager, Manager, Operational Risk, Investment, Wholesale and Specialist Supervision Division, The Financial Conduct Authority. Jill Savager joined the Financial Conduct Authority predecessor the Financial Services Authority in 2007 and is currently the Manager of the Technology, Resilience and Outsourcing team in the Specialist Supervision Division. The team supports Supervisors across the FCA on matters of Technology and Resilience and Outsourcing Risk. Prior to joining the financial regulator, Jill worked for one of the major retail banks as an auditor covering not only their Retail Bank, but also payment systems, card, treasury and wholesale operations, as well as material third party service providers.

Neal Suggs is the Vice President and Associate General Counsel for the Business, Consumer and Public Sector team and has served as Microsoft's lead commercial attorney since September 2010. In that capacity, Neal leads the teams responsible for providing legal support for all sales segments, channels and services organizations across the Microsoft sales organization. In the course of his 11 year career at Microsoft, Neal has also been the lead attorney for Xbox and Microsoft Business Solutions. Neal led the diversity efforts for Microsoft's Legal and Corporate Affairs group from 2007-2012. Prior to joining Microsoft, Neal practiced at various firms in the Seattle area and in London. Neal started his private practice career as a commercial litigator. He then transitioned to become a general business and corporate finance attorney supporting biotech and high-tech startup companies and angel and venture capital investors. Additionally, he supported U.S. equity market, municipal and aircraft finance and other transactions. He is a graduate of Harvard University and the University of Michigan Law School.

Oliver Yaros is a senior associate in the Intellectual Property & IT Group of the London office of Mayer Brown International LLP and advises clients on TMT, outsourcing, IT, data protection, privacy, e-commerce and IP issues.  Oliver acts on global financial industry utility projects, IT and business process outsourcing projects and IT systems procurement transactions as well as advising a range of clients (financial institutions, manufacturers and retailers of consumer products, publishers and providers of digital media and online content) on many e-commerce and data protection issues.  From May 2013 to October 2014, Oliver spent 18 months on secondment to the GBM Legal team of HSBC in London during which he advised the Global Banking and Markets (investment bank) division and worked with other divisions of HSBC on the creation of various global know your client / client onboarding and other types of banking industry utility joint ventures with other banks, on a number of multilateral and bilateral outsourcing projects, on investment banking IT system procurement projects and on various worldwide IP portfolio management and data protection issues.

Administration notes:
The cost of attendance at this meeting is £35 + VAT (£42) for SCL members, £70 + VAT (£84) for non-members and £10 + VAT (£12) for students and SCL academic and unemployed members. VAT invoices will be issued to all delegates.

If you wish to attend this meeting please book online or email and request an invoice. Fees can be paid by cheque (cheques should be made payable to "Society for Computers and Law"), Mastercard, Visa, Switch or bank transfer. All invoices for attendance at this meeting must be paid within 30 days of the invoice date or prior to the date of this event whichever is the earlier.

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CPD: Under the Solicitors Regulation Authority CPD scheme and the Barristers' New and Established Practitioner Programmes this event is accredited with 1.5 hours CPD. 

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It may be necessary for reasons beyond the control of the Society for Computers and Law to change the venue, content/timing of the programme and/or speakers.

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