UK watchdogs widen their reach to critical third-party providers

Financial regulators in the UK are concerned about providers of critical support services getting too big to fail. Is this a justified fear, or simply an excuse to exert greater control over the tech giants?

As banks increasingly rely on cloud-based technology, there are mounting concerns among lawmakers about what might happen to the financial system if one of those cloud providers was to fail.

“There’s a paranoia in government at the highest levels about the concentration among cloud providers,” says Alex Viall, director of

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