Digital operational resilience for the financial sector and amending regulations

  • ICT third-party service providers: Include, but are not limited to, cloud computing services, software, data analytics, and data centers.
  • The European Banking Authority (EBA)
  • The European Securities and Markets Authority (ESMA)
  • The European Insurance and Occupational Pensions Authority (EIOPA)
  • The financial entities in order to conduct an investigation, collect all the required documents as per articles 32, 33, 34, and 35 which contain guidelines regarding the request of information, general investigation, and oversight and following up and also charging the fees for oversight respectively.
  • In regards to penalties overseer has the right to impose administrative penalties and criminal penalties.

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Acuity Knowledge Partners

Acuity Knowledge Partners

We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points. https://www.acuitykp.com/