The UK plans to regulate major cloud service providers, including Microsoft and Google, to strengthen resilience in the financial system, according to multiple outlets. The policy is designed to ensure that cloud providers have appropriate measures in place to reduce the risk of disruption and to support continuity during outages or other technological incidents. The sources describe the government’s approach as focused on protecting financial stability by improving preparedness among firms that supply cloud infrastructure and services relied upon by banks and other financial institutions. One report also frames the move as addressing risks linked to cyber attacks and technology outages, linking cloud oversight to broader efforts to safeguard financial services. While the articles do not provide detailed implementation timelines or specific regulatory requirements, they agree on the core goal: requiring cloud providers to meet standards intended to help prevent, manage, and recover from service disruptions that could affect financial operations. The coverage also indicates that the regulation targets large providers operating in the UK and aims to enhance the resilience of the wider financial sector.
UK to regulate major cloud providers including Microsoft and Google for financial resilience
The UK plans to regulate major cloud service providers, including Microsoft and Google, to strengthen resilience in the financial system, according to multiple outlets. The policy is designed to ensur...
- The UK is introducing regulation for major cloud service providers.
- The measures are intended to protect the UK financial system and financial stability.
- Providers including Microsoft and Google are named in the coverage.
- Regulation is aimed at ensuring preparedness and support during outages or technological disruption.
- Some reporting links the move to reducing risks from cyber attacks as well as outages.
The move is designed to protect the country’s financial system and make sure they have measures in place to support outages or disruption.
1 month agoThe move is designed to protect the country’s financial system and make sure they have measures in place to support outages or disruption.
1 month ago
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