EU Firms Seek Clarity on Tech Requirements for Incoming Cloud Guidelines

As Europe prepares for a new batch of outsourcing rules, some firms are looking for answers on how to test exit strategies and mitigate concentration risk.

Ahead of the European Securities and Markets Authority’s (Esma’s) upcoming rules on cloud outsourcing, questions surrounding two issues—testing exit strategies and managing concentration risk—are stifling firms’ preparations. While Esma is set to publish its final guidelines on cloud usage early next year, some industry firms are urging the EU regulator to provide further clarification on how to comply with the rules and prepare their tech stacks.  

In responses to the Esma consultation, seen

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