Contract review for financial services legal teams
Hold outsourcing and vendor agreements to what your regulator expects, and show how each one was checked.
Where financial services agreements slow down
Regulators set the terms
Outsourcing rules require audit rights, exit plans and incident reporting that vendors rarely offer on their own paper.
Side letters multiply
Promises made to investors and counterparties sit in separate letters, and each new agreement has to respect them.
Every check needs a record
Examiners ask how an agreement was reviewed, and the answer has to be more than a lawyer’s memory.
Regulatory terms checked on every agreement
Proviso checks each outsourcing and vendor agreement for the terms your regulator requires and keeps a record of every decision with the signed copy.
Rules Proviso checks for financial services
Each check names the guidance it comes from.
DORA
Contract terms for ICT providers, including audit, exit and incident reporting
Interagency guidance on third-party risk
Due diligence, oversight and termination rights for US banks
EBA outsourcing guidelines
Terms for critical or important functions outsourced by EU firms
GLBA
Safeguards for customer financial information shared with service providers
