UK Regulators Put Big Cloud Under Bank-Style Oversight

The United Kingdom’s largest banks are no longer the only companies facing direct scrutiny over the resilience of the nation’s financial system. The cloud providers running much of their technology are now inside the regulatory perimeter, too. Starting Monday (July 13), the Bank of England , Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) will jointly oversee Amazon Web Services , Google Cloud , Microsoft and Oracle as the U.K.’s first designated “critical third parti