AWS, Microsoft, and Google facing UK financial regulator investigation over cloud use

The UK’s Prudential Regulation Authority, which regulates financial institutions, is reportedly investigating Amazon, Microsoft, and Google, citing the reliance by UK banks on cloud computing. 

The Financial Times reports that the UK is exploring how to extract information from the US companies to give it a broader picture of the risks and rewards of British banks outscoring their computing needs, suggesting the investigation has some way to go before its completion. 

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