Bank of England to crack down on 'secretive' cloud computing services

By Huw Jones and David Milliken on Jul 14, 2021 10:54AM

Bank of England to crack down on 'secretive' cloud computing services

Concentration of compute could threaten financial stability.

Cloud computing providers to the financial sector can be "secretive", and regulators need to act to avoid banks' reliance on a handful of outside firms becoming a threat to financial stability, the Bank of England said. Banks and other financial firms are outsourcing key services ...

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