The new regime will take effect on 1 January 2025, but will not diminish the responsibilities of financial services firms relying on the services of critical third parties....more
11/20/2024
/ Bank of England ,
Final Rules ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
FSMA ,
HM Treasury ,
Prudential Regulation Authority (PRA) ,
Regulatory Requirements ,
Third-Party ,
Third-Party Risk ,
Third-Party Service Provider ,
UK
The deadline is fast approaching for in-scope financial entities and their ICT service providers to conform to the EU’s new digital operational resilience regulation.
With effect from 17 January 2025, a broad range of EU...more
9/30/2024
/ Cloud Service Providers (CSPs) ,
Compliance ,
EIOPA ,
EU ,
European Banking Authority (EBA) ,
European Digital Strategy ,
European Securities and Markets Authority (ESMA) ,
Financial Institutions ,
Hardware ,
Internet Service Providers (ISPs) ,
Risk Management ,
Software ,
Technology ,
Third-Party Service Provider
An FCA report evaluates the chequered implementation of technology change and identifies risks and best practices to help firms better navigate this change.
Of the nearly 1,000 “material incidents” reported to the UK’s...more