ESAs publish Report on the landscape of ICT third-party providers in the EU

Summary:

The European Supervisory Authorities (EBA, EIOPA, and ESMA) have published an indicative overview of information and communication technology (ICT) third-party providers (TTPs) as part of their preparations for the Digital Operational Resilience Act (DORA). The analysis aims to map the provision of ICT services by TTPs to financial entities in the European Union and support policy-making. The report identifies around 15,000 ICT TTPs directly serving financial sector entities across the EU, with most TTPs supporting critical or important functions for their clients. The data collection exercise revealed lessons for the implementation of DORA, including the importance of ensuring unique identifiers and developing an ICT services taxonomy.