As the complexity of financial products and technology has grown, the financial services industry has increased its reliance on vendors and third-party service providers for a host of technological solutions. Be mindful that these outsourcing arrangements may pose additional types of risks for the organization, such as security or data privacy risks.
This is a particularly important point in the ongoing discussion about the flexibility of fiscal objectives for a given Member State. Indeed, what truly matters is whether the sustainability plan/path is resilient, in other words, whether its mechanisms can return it to a path complying with the constituent rules, which serve as the basis for the group and its activities.