New regulation forces UK banks to scrutinize cloud

Firms say changing SLAs and getting required information from vendors like AWS, Azure and Google Cloud is a heavy burden.

cloud

No one likes the auditor. But under new rules banks in the UK will eventually have to become auditors of their vendors, and be able to demand deep insight into the books, records, and premises of their third parties and cloud service providers (CSPs)—including heavyweights like Amazon Web Services (AWS), Google Cloud, and Microsoft Azure.

UK banks are facing a raft of regulations that will come into force on March 31 that will require them to map their third parties, identify their impact

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here