Certain large scale ICT companies (known as critical ICT third party providers, “CTPPs”) which provide critical cloud storage, technology and data services to banks and other financial institutions play an increasingly significant role in the functioning of financial markets. Post-Brexit, policymakers in the United Kingdom and the European Union have been concerned that CTPPs may now represent a systemic risk to the financial sector….
By: Mayer Brown
By: Mayer Brown
