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.


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

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