1. How Brexit will impact global CIOs and IT services

    While all current U.K. laws and regulations will remain in place during the Brexit process, all IT service providers and recipients of such services must be highly vigilant and plan for significant restructuring of commercial agreements, regulatory compliance requirements, and the associated redefinitions of controls and audits.

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  1. Quotes

    1. No country has ever travelled this path, and there is no turning back.
    2. While all current U.K. laws and regulations will remain in place during the Brexit process, all IT service providers and recipients of such services must be highly vigilant and plan for significant restructuring of commercial agreements, regulatory compliance requirements, and the associated redefinitions of controls and audits.
    3. With 43 years of treaties and agreements covering thousands of topics to disposition, the future UK-EU trade deal is expected to be highly complex.
    4. The Great Repeal Bill has many implications for outsourced IT services agreements as the whole regulatory and legal basis in the UK is subject to change.
    5. This scenario would result in chaos for British-based IT services as well as inhibiting cross-border service delivery to EU nations.
    6. The market for UK clients is expected to continue to grow.
    7. For core digital infrastructure there is a very real risk that the UK could be deemed inadequate as a data host owing to the lack of ability to certify compliance with EU laws such as the new General Data Protection Regulation (GDPR) and Network Information Security (NOS) directive post-Brexit.
    8. The No. 1 concern will be how to ensure the continued free flow and protection of data.
    9. It could even impede performance to a level that such services may no longer be viable across UK-Europe borders.
    10. Global CIOs must pay particular attention to Brexit to ensure that discretionary spend budget and key resources have the appropriate plans or commitments to address essential changes pre-Brexit exit on March 29, 2019 and through the end of the negotiated transition period.
    11. Also potential restructuring of service delivery locations may provide growth opportunities within EU alternate business centers as well as sustained growth in UK markets.
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