Amazon (AMZN) news · Oracle (ORCL) news

UK has designated Amazon (AMZN) Web Services, Google (GOOG) Cloud, Microsoft (MSFT) & Oracle (ORCL) as Critical Third Parties from the 13th of July; will be subject to oversight by UK financial regulators

Newsquawk Staff ·

  • "Four global Cloud Service Providers are to be brought under a new regime from next week to help strengthen the resilience of the UK’s financial system and protect the services millions of people and businesses rely on every day."
  • "As banks, insurers and financial market infrastructures become increasingly reliant on cloud services, disruption at a major supplier could affect multiple firms at the same time, potentially impacting services customers depend on."

Sources

Related headlines