Tech Providers in UK Financial Services Face Direct Regulation
IT providers in the U.K.’s financial services sector will soon face increased regulations.
The goal of the Financial Services and Markets Bill is to ensure the resilience of the banking industry by better regulating the IT providers that serve them. The regulations, which come from the Bank of England’s Financial Policy Committee, are designed to align with the EU’s Digital Operational Resilience Act (DORA). Learn more about these coming regulations by reading this article.
