Policy paper

Critical third parties to the finance sector: policy statement

HM Treasury’s proposal for mitigating risks from critical third parties to the finance sector.

• From: HM Treasury
• Published: 8 June 2022

This was published under the 2019 to 2022 Johnson Conservative government

Documents

Critical third parties to the finance sector: policy statement

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Critical third parties to the finance sector: policy statement

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Financial services firms and financial market infrastructure firms are increasingly relying on a small number of third parties outside the finance sector for key functions or services, such as cloud-based computing services. 

These arrangements can come with many benefits but can also create risks.  

This document sets out HM Treasury’s approach to mitigating the risks posed by such ‘critical’ third parties to the UK finance sector.

Published 8 June 2022