Technology Providers and Financial Stability: Overview of Risks and Regulatory Frameworks

Amromin, Gene; Anadu, Kenechukwu E.; Bräuning, Falk; Chapel, Amy; Chmielewski, Rebecca; Cho, Meeoak; Cowperthwait, Patricia K.; Garza, Lorenzo; Hull, Cindy E.; Sanders, Siobhan; Schulhofer-Wohl, Sam; Solimine, Brett; Weiss, Emma

Working Paper

Technology Providers and Financial Stability: Overview of Risks and Regulatory Frameworks

Abstract: Technology-focused Third-Party Service Providers (TPSPs) have become important players in the operations of financial institutions and the financial markets. This paper summarizes the micro- and macro-prudential regulatory frameworks in place to address risks that TPSPs may pose to the financial system.

JEL Classification: G10; G23; G28;