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Financial Institutions Beware: Cloud Computing Compliance Under Guideline B-10
   LIVE Webcast  


Event Details:                                                                                                                                                          

In the last several years, cloud computing has significantly changed the way businesses protect the integrity of their data. While there are huge advantages to this model – there are also significant costs especially with respect to compliance. Financial institutions adopt cloud computing solutions as part of their mainstream business operations they too must grapple with a stepped up regulatory environment.

The Office of the Superintendent of Financial Institutions (OSFI) recently issued a memorandum under its Guideline B-10 which focuses on the following concerns:

The memorandum also reminds financial institutions that despite the competitive advantage cloud computing offers, they should prepare for the regulatory issues on the way particularly as suggested in OSFI’s Guideline B-10.

Going beyond the basics, the Knowledge Group has assembled a team of experts who will help you understand the most important aspects of OSFI’s Guideline B-10 with respect to cloud computing. They will present their thoughts and opinions on how to best comply with the associated requirements under Guideline B-10.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Advance Preparation: Print and review course materials
Course Code: 124312
Course Fee: $299 - $349 (Regular Rate )
                       $199 (Government / Nonprofit Rate)
                        (Please click here for details)


Featured Speakers for Financial Institutions Beware: Cloud Computing Compliance Under Guideline B-10 LIVE Webcast :

Agenda  (click here to view more)

Michael R. Whitt Q.C., Partner, Co-leader, Information Technology Practice,
Bennett Jones LLP

  • • What is "cloud"(NIST)
  • • Cloud isn't the same as outsourcing
  • • Irresistible (strange) attractors to cloud services
    • - cost
    • - convenience
    • - social
    • - ease of deployment/no technical barriers
    • - YOD example
  • • Tyranny of forms (necessitated by deployment and metering requirements)
  • • Lowest common denominator
  • • Managing the tide, negotiating terms (what's that again? )

Stephen B. Kerr, Partner ,
Fasken Martineau DuMoulin LLP

  • • The evolution of OSFI’s approach to outsourcing generally
  • • Recent OSFI guidance and its particular concerns dealing with cloud computing (i.e. OSFI’s perspective)
  • • How to address OSFI’s concerns and requirements when considering a material outsourcing arrangement

Ebad Rahman, Attorney,
Torys LLP

  • • OSFI’s specific concerns re cloud computing
  • • Practical issues when negotiating cloud computing outsourcing contracts in light of B-10 requirements
  • • How to deal with issues surrounding (i) confidentiality, security and separation of property; (ii) access and audit rights; (iii) subcontracting; (iv) contingency planning.
  • • Difficulties in complying with B-10 requirements.
  • • How OSFI may exercise oversight over a Cloud Computing contract.

Andrew S. Nunes, Partner ,
Fasken Martineau DuMoulin LLP

  • • Due diligence in the context of a cloud outsourcing by FRFIs
    • - questions concerning the FRFI
    • - questions concerning the service provider
    • - questions concerning the service offering
  • • Contracting for cloud outsourcing in light of B-10
    • - key contractual provisions
    • - service recipient concerns
    • - service provider concerns

Bennett Jones LLP
Michael R. Whitt Q.C.
Partner, Co-leader, Information Technology Practice
speaker bio »»

Fasken Martineau DuMoulin LLP
Stephen B. Kerr
speaker bio »»

Torys LLP
Ebad Rahman
speaker bio »»

Fasken Martineau DuMoulin LLP
Andrew S. Nunes
speaker bio »»

Who Should Attend?

- Finance Directors
- CFOs
- Managers with Responsibility for Cloud Computing
- Compliance Officers
- Data Security Professionals
- Corporate Counsel
- In-house Counsel Managing Legal Risks or E-discovery
- IT and Data Security Professionals Managing ASP or Cloud computing functions
- Lawyers
- CPAs and Auditors
- Other Related/Interested Professionals

Why Attend?

This is a must attend event for anyone interested in exploring the rules under OFSI’s Guideline B-10 in the context of cloud computing.

- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Be in-the-know! Enroll in this course now by clicking the "Register" button below. Early registration is advised as space is limited. Significant discounts await early birds!

Registration Information:                                                                                                                                    

(Click here for information on group registrations and discounts)

Please note, the event date is firm although it may be subject to change. Please click here for details.
The Knowledge Group, LLC is producing this event for information purposes only. We do not intend to provide or offer business advice. The contents of this event are based upon the opinions of our speakers. The Knowledge Congress does not warrant their accuracy and completeness. The statements made by them are based on their independent opinions and does not necessarily reflect that of The Knowledge Congress' views. In no event shall The Knowledge Congress be liable to any person or business entity for any special, direct, indirect, punitive, incidental or consequential damages as a result of any information gathered from this webcast.





Financial Institutions Beware: Cloud Computing Compliance Under Guideline B-10
LIVE Webcast
Speakers and Partner Firms:

When you plug into Bennett Jones, you get a network of more than 360 domestically and internationally recognized lawyers, and 500 staff working together to fulfill your legal and business objectives. With offices in Calgary, Toronto, Edmonton and Ottawa, and represented internationally in Abu Dhabi, Doha, Dubai and Beijing, you are connected to individuals with world class reputations, knowledge and experience to guide you through the present and potential outside influences on your business and your industry.

Torys LLP is a highly respected international business law firm with offices in Toronto, New York and Calgary. Torys is recognized internationally as a frequently recommended law firm in a large number of practice areas. Torys’ lawyers work together to offer seamless cross-border services to clients on both sides of the U.S.-Canada border and globally.


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