The third European Supervisory Authority has issued guidelines on outsourcing and, in ESMA's case, cloud service providers when outsourcing.  

This is a busy time for Technology and Compliance teams at financial insitutions, as well as FinTech suppliers, as they grapple with the myriad of new regulations and guidelines being issued on this subject and on the broader concept of Operational Resilience.  

The situation is further compounded during the current crisis when financial regulators are also asking to see financial institutions' BCPs.  

Let's hope the fast pace of demand for innovation is not slowed down as a result.