FCA Chair Ashley Alder Calls for Cross-Border Cooperation to Address Cross-Cutting Risks
Beyond borders: Regulating the risks we share
AI-assisted source summary · not independently verified. Content standards
FCA Chair Ashley Alder called on regulators to address financial risks that spread across industries, supply chains and jurisdictions through cross-border cooperation. She introduced the Critical Third Parties Regime established by UK regulators for major cloud service providers, and proposed sharing risk intelligence, conducting joint cross-border scenario testing, and establishing data-sharing standards and crisis protocols in advance.
The speech placed cross-industry risks arising from cloud services, AI models and digital infrastructure within the same framework, and specifically proposed that regulators share intelligence, conduct joint testing, and establish crisis cooperation mechanisms in advance.
Source:FCA (UK) · fca.org.uk