Sarah Pritchard suggests City regulator will make use of oversight powers amid growing number of outages
The City watchdog has said the UK needs to “strengthen” its grip on foreign tech firms providing critical services to banks, amid growing concerns over outages and cyber-attacks.
Sarah Pritchard, who was appointed the Financial Conduct Authority’s (FCA) first deputy chief executive this summer, said there had been “very frequent reminders” of how important it was for the banking sector to have “good, strong operational resilience and cyber controls”.
