Episode 16: What are regulators doing about Cloud computing?
How are financial firms and their regulators getting to grips with the rise of Cloud computing? As firms push ahead with their digital transition, more and more of their activity depends on Cloud Service Providers. Regulators have recognised the efficiency gains that using the Cloud can bring to firms, but they equally want to ensure that risks arising from this are well managed. Tune in to hear Tom Bigham and Suchitra Nair speak to Scott Martin about the trends that financial services firms should be watching today. Key questions How quickly has Cloud adoption been progressing in the financial sector? What are regulators doing to ensure that they can understand the risks arising from Cloud computing? Where can financial firms expect regulators to exercise the most scrutiny in assessing their Cloud transition plans? What is ‘concentration risk’ and how could it pose a challenge to financial sector stability?