The European Supervisory Authorities (ESAs) have published a list of companies whose services have been deemed “critical” for the stability and operational resilience of the bloc’s financial sector, designating them as “critical third-party providers” or CTPPs. Most of these firms provide services in the information and communication technology (ICT) sector.
EU designates critical ICT third-party providers under DORA
European supervisors carried out a systematic assessment of the importance of each service provider to the financial sector, before deciding on designation.