Amazon: Banks in EU face tougher rules on using cloud computing giants, Telecom News, ET Telecom

Regulators worry about the speed and scale at which banks, insurers and investment firms are moving critical functions and market operations onto a handful of cloud platforms. A glitch at one cloud company could potentially bring down services across many financial firms. The EU Council, which represents the 27 member states, said it has completed the bloc's final approval stage for the new Digital Operational Resilience Act.
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2 months ago