Cloud giants AWS, Azure and Google Cloud should expect some closer monitoring from the Prudential Regulation Authority.
The Financial Times is reporting that the financial services regulator is looking for ways to access more data from Amazon, Google and Microsoft because of the impact that service outages and cyberattacks would have on British banks.
The watchdog wants more robust outages and disaster recovery tests given the increasing reliance UK banks have on a handful of cloud providers.
This could include the introduction of a “war game” which models AWS and Azure failing at the same time, executives said.
