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What’s behind the consultation on critical service providers?

Amazon solar farm to power cloud services
Amazon Solar Farm to power cloud-computing service. Photo: Drew Angerer/Getty Images

UK regulators have set out requirements for critical third parties.

The Prudential Regulation Authority, the Bank of England, and the FCA are consulting on their approach to the management of systemic risks posed by critical service providers to the UK financial services sector. Their joint consultation, which is open through 15 March 2024, builds on previous work and will