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Risk managers question US reach of Dora third-party list

Some EU subsidiaries included, but regulator control over cloud providers could still be limited.

EU and US flags with some data graphics overlaid

Risk managers in financial services are unsure how far European Union regulators will be able to impose their will on foreign technology giants, following the release of the EU’s list of critical third parties. The list, published under the Digital Operational Resilience Act (Dora), will intensify discussions around the idea of digital sovereignty, given the prominence of US-headquartered companies.

“From a geopolitical point of view, there is a focus on IT providers—either software or cloud,”

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