ESAs flag non-EU provider and infrastructure dependencies
The European Supervisory Authorities' Autumn 2026 risk update identifies external dependencies, emerging technologies, and private credit as key EU financial-system vulnerabilities. It says reliance on non-EU providers and infrastructures could amplify geopolitical and operational disruptions and highlights concentration in non-EEA ICT providers.
Official joint supervisory risk update · European Banking Authority, ESAs Autumn 2026 risk update