Regulators & Cloud Providers: A Looming Battle?

Could the public cloud providers be in the regulators’ sights? Jo says the dawn of Big Tech Regulation is drawing near.

Buried in the Bank of England’s Future of Finance report, released in June, there is a short paragraph that, to me, seems to show that the regulators are worried about how systemically important the major cloud providers are becoming.

The report, chaired by BoE adviser Huw van Steenis, is a review on the outlook of the UK financial system and what it means for the central bank, and it touches on a number of topics and priorities, from payment systems to climate change to cloud adoption.

It

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