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BaFIN to intensify third-party supervision in 2025

BaFIN logo outside of the Bonn offices of German financial markets regulator.
Photo: Andreas Rentz / Getty Images

Thomas Hyrkiel

2 min read
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The regulator continues to be concerned about outsourcing dependency and concentration risk and wants to obtain clarity on technology interconnectedness in the financial sector.

A new article from BaFIN draws attention to the fact that under the DORA regime it is responsible for overseeing ICT third-party service providers working with the financial services industry.

According to the regulator outsourcing “is appropriate and important” for firms, but the regulatory thrust behind DORA is intended to

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