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Banks outsourcing to the cloud: The economic drivers and regulatory implications
The financial services sector is becoming increasingly reliant on cloud service providers (CSPs) to fulfil its growing data processing and storage needs.
Doing business anywhere in the Asia Pacific region is extraordinary. At times the challenges can be immense, but so too the rewards.
There is nothing that can compare with the excitement of concluding a successful transaction, establishing a new business, or developing a new project in any one of the jurisdictions here. One deal leads to another, relationships accumulate, and layer upon layer of knowledge and trust are developed over time.
Norton Rose Fulbright has been active across the Asia Pacific region for several decades now. This is the eleventh edition of Doing Business in Asia Pacific we have produced at the behest of our clients, who have been very clear that this comprehensive guide to doing business in the region is something they value. This latest edition, edited by Partner Michael Joyce, covers the following jurisdictions:
Australia
China
Hong Kong
India
Indonesia
Japan
Malaysia
Myanmar
New Zealand
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
All of the facts are here in our publication. We cover visas and work permits, types of business entities, business environment and regulation, policy on foreign investment, government initiatives, government incentives, taxation, workplace relations and the means to forestall or resolve disputes.
We wish you great success in all your business dealings in Asia Pacific, and would be pleased to provide additional information and advice about any of the issues discussed in this guide.
Acknowledgments
We wish to thank the following for their contributions to this guide:
Alliance International Law Offices, Taiwan
Anderson Mori & Tomotsune, Japan
Barun Law, South Korea
Cyril Amarchand Mangaldas, India
DFDL, Myanmar
Parry Field Lawyers, New Zealand
Skrine, Malaysia
SyCip Salazar Hernandez & Gatmaitan, Philippines
Vision & Associates, Vietnam
Publication
The financial services sector is becoming increasingly reliant on cloud service providers (CSPs) to fulfil its growing data processing and storage needs.
Publication
On August 1, 2025, the UK Supreme Court delivered its long-awaited judgment in Hopcraft v Close Brothers Limited and on 3 August the FCA announced it would consult on a redress scheme.
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The European Banking Authority (EBA) is currently consulting on its draft guidelines on the sound management of third party risk (Draft Guidelines), which are intended to replace the 2019 guidelines on outsourcing arrangements (2019 Guidelines).
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