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Article
Banks Face Hidden Third Party Risks Despite Supplier Diversification
Milena Maneva, Head of Business Continuity and Resilience EMEA at Cantor Fitzgerald, warns that financial institutions may underestimate hidden third-party concentration risks. She explains why effective resilience depends on clear business accountability, mapping underlying dependencies, validating supplier recovery capabilities and preparing for simultaneous disruptions across critical services.
Oct 30, 2026
Milena Maneva, Head of Business Continuity & Resilience EMEA, BGC Group
Tags:
Operational and Non Financial Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
- Supplier
diversification can conceal shared technology dependencies
- Business owners must
retain accountability for third-party risks
- Integrated
assessments should focus on critical service continuity
- Fourth-party
dependencies can create hidden concentration exposures
- Recovery testing
provides stronger evidence than supplier assurances
- Continuous monitoring
must reflect changing supplier risk profiles
- Exit strategies
should address operational dependencies, not just contracts
- Scenario testing
should assess simultaneous failures across critical services
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