UK and EU sign a MoU to strengthen oversight of critical third-party providers, establishing coordinated cooperation, information sharing, and joint supervision against cyber-attacks and system outages

It aligns the UK’s Critical Third Party regime with the EU’s Digital Operational Resilience Act (DORA), promoting cross-border consistency while reducing regulatory duplication. The agreement aims to enhance financial stability, operational resilience, and market confidence, enabling faster, coordinated responses to risks affecting critical service providers and ensuring more effective supervision across both jurisdictions…