Third-party risk management

Third-party risk management in the Technology, AI, and Competition sector is under direct regulatory pressure from multiple directions. The Federal Trade Commission has used its unfair methods of competition authority to scrutinize platform dependencies and vendor lock-in arrangements, while the European Banking Authority's ICT and third-party risk guidelines and the U.S. Securities and Exchange Commission's cybersecurity disclosure rules are forcing technology firms to formalize what many previously treated as informal vendor oversight. Compliance teams are now mapping critical supplier relationships against contractual exit rights, concentration risk thresholds, and incident notification timelines before regulators ask first.