EU Designates Tech Giants as Critical Financial Providers
Update: 2025-11-18
Description
EU Regulators Designate Major Tech Firms as Critical for Financial Sectors Resilience: Under DORA, EUs financial regulators gain direct supervision over tech providers like Amazon, Google, and Microsoft. The goal is to ensure robust risk management and governance frameworks, with several companies welcoming the designation. The UK also plans to introduce a similar regulatory system.
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