UK Puts Big Cloud Under Direct Financial Sector Supervision


UK Puts Big Cloud Under Direct Financial Sector Supervision

📅 - The United Kingdom will place Amazon Web Services, Microsoft, Google Cloud, and Oracle under financial-sector oversight from July 13, 2026, treating the providers as critical third parties whose outages or cyber failures could threaten banking stability. The regime gives UK regulators new powers to test resilience, demand information, and enforce provider-specific safeguards across services used by financial institutions nationwide.

The move changes the relationship between financial regulators and technology suppliers that have become deeply embedded in banking operations without being supervised like banks. Until now, much of the formal responsibility for cloud risk sat with the [...][... Check source for end of article ...]
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