cloud regulation News

EU Insurers, Banks Face Tougher Rules on Use of Cloud Computing Giants

Financial firms in the European Union will have to show how quickly they could recover from a cyber attack as they rely more for key services on “cloud computing” giants such as Amazon, Microsoft, Google and IBM, the EU said …

Bank of England Warns of Potential Risks from Cloud Data Providers

LONDON โ€“ The Bank of England might strengthen its controls on cloud data providers and other technology firms to counter possible risks to the stability of the financial system from the rise of fintech, Deputy Governor Dave Ramsden said. The …

U.S. Lawmakers Urge Regulators to Treat Cloud Services as Players in Financial System

Two U.S. lawmakers have called on a top financial regulatory panel to consider direct oversight of the cloud services big tech companies provide to banks, saying they have become a critical component of the global financial system. In a letter …