Technology services such as cloud computing and data analytics can bring multiple benefits – enabling digital transformation, catalysing innovation, and providing greater resilience than firms’ and FMIs’ own technology infrastructure. The UK financial sector is a complex, interconnected system in which financial services firms (firms) and financial market infrastructure firms (FMIs) increasingly rely upon third-party services to support their operations. The Recovery, Resolution and Resilience Team Īlternatively, please address any comments or enquiries to: We prefer responses to be sent via email to. Responses are requested by Friday 23 December 2022. An automatic confidentiality disclaimer generated by your IT system on emails will not, of itself, be regarded as binding on us on us. If we receive a request for disclosure of this information, we will take your indication(s) into account, but cannot give an assurance that confidentiality can be maintained in all circumstances. Please indicate if you regard all, or some of, the information you provide as confidential. Information provided in response to this paper, including personal information, may be subject to publication or disclosure to other parties in accordance with access to information regimes including under the Freedom of Information Act 2000 or data protection legislation, or as otherwise required by law or in discharge of the Bank’s or FCA’s functions. To find out more about how the FCA deals with your personal data please visit the FCA's privacy page. To find out more about how the Bank deals with your personal data, your rights or to get in touch please visit our privacy page. However, all personal data will be redacted from the responses within five years of receipt. We will retain all responses for the period that is relevant to supporting ongoing regulatory policy developments and reviews. If this is the case, the other organisation will also review the responses and may also contact you to clarify aspects of your response. The discussion paper will explain if responses will be shared with other organisations. We may use your details to contact you to clarify any aspects of your response. The response will be assessed to inform our work as regulators, and as the central bank, both in the public interest and in the exercise of our official authority. This may include your name, contact details (including, if provided, details of the organisation you work for), and opinions or details offered in the response itself.
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