Policy · 1h ago
UK Regulators Put AWS, Azure, Google Cloud, and Oracle Under Direct Oversight
The UK has placed major cloud providers including AWS, Azure, Google Cloud, and Oracle under direct financial oversight. Banks remain responsible for their own operational resilience and recovery planning. The move targets systemic risks in cloud services used by financial firms.
Meridian48 take
This oversight signals a shift from self-regulation to direct supervision, but banks still hold the bag for resilience.
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UK Puts AWS, Azure, Google Cloud, and Oracle Under Direct Financial Oversight →
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