British and European financial regulators agree to enhance oversight of critical technology infrastructure
Regulators in Britain and Europe signed an agreement to coordinate oversight of critical tech providers. The move seeks to reduce financial stability risks.
Insights:
British financial regulators, including the Bank of England, signed an outline memorandum of understanding with European counterparts on Wednesday, January 14, 2026. This agreement establishes a formal framework for cooperation and oversight regarding technology firms deemed critical to the financial services sector. The primary objective of the partnership is to reduce risks stemming from cyberattacks and large-scale web outages that could destabilize the broader financial system.
