The Werks is an IT related commentary bringing you the unvarnished truth steeped in a vat of reality. The information contained herein is the opinion and rantings of a 30+ year veteran of the IT industry. This will hopefully give you helpful knowledge untainted by any specific vendor focused kool-aide. Occasionally, you may find that this collection of brain droppings will also give you the laugh you needed to make it through another day locked in the IT gulag. Read-on, brave soldier!
Tuesday, October 25, 2022
Tech Providers in UK Financial Services Face Direct Regulation
IT providers in the U.K.'s financial services sector will soon face increased regulations.
The goal of the Financial Services and Markets Bill is to ensure the resilience of the banking industry by better regulating the IT providers that serve them. The regulations, which come from the Bank of England's Financial Policy Committee, are designed to align with the EU's Digital Operational Resilience Act (DORA). Learn more about these coming regulations by reading this article.
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