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ARTICLE · 03 JULY 2023

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FinTech Global FS Regulatory Round-up – W/e 23 June 2023

Herbert Smith Freehills Kramer LLP
Explore more from Herbert Smith Freehills Kramer LLP

In this weekly post, we round-up FinTech-related financial services regulatory developments for the week ending 23 June 2023.

GlobalTechnology
Karen Anderson
Karen Anderson
Cat Dankos
Cat Dankos

In this weekly post, we round-up FinTech-related financial services regulatory developments for the week ending 23 June 2023.

ICYMI

Global

FSB consults on third-party risk management and oversight toolkit

The Financial Stability Board (FSB) has published a consultation paper on a toolkit for financial authorities and financial institutions for their third-party risk management and oversight. The toolkit was developed against a backdrop of digitalisation of the financial services sector and growing reliance of financial institutions on third-party service providers for a range of services. The primary emphasis of the toolkit is on critical services given the potential impact of their disruption on financial institutions' critical operations and financial stability.

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