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
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
The proposals would grant consumers increasing rights to require providers to share access to their data directly with chosen third parties.
The UK government has released a consultation advocating the introduction of...more
8/2/2019
/ BEIS ,
Consultation ,
Data-Sharing ,
Digital Marketplace ,
Financial Services Industry ,
Open Banking ,
Personal Data ,
Portability ,
Social Networks ,
Third-Party ,
UK