UK Financial Regulators Begin Oversight of Critical Third Parties for Financial Stability

The Bank of England, Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA) have commenced oversight of four designated Critical Third Parties (CTPs), including major cloud and technology providers like Amazon, Google, Microsoft, and Oracle. This new regime, which began on Monday, July 13, 2026, aims to enhance the resilience of the UK financial system by addressing systemic risks posed by these essential service providers.