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Document 52020SC0199

Initiative summary:
A financial services act applicable to regulated financial institutions will complete the single rulebook reinforcing the digital dimension of their operational resilience. The act would set a higher common baseline for Information and Communication Technology (ICT) risk for all financial services sectors in its scope and establish a coherent framework for the oversight of critical ICT providers (‘’ICT third party providers’’) to the financial institutions.
EuroVoc thesaurus:
outsourcing; financial services; information technology; digitisation; information security; risk management; cloud computing; financial technology; digital single market