- UK has labeled Microsoft, Google, Amazon and Oracle as "critical third‑party" cloud suppliers to its financial sector, effective July 13, putting them under direct oversight.
- The Bank of England, PRA and FCA will jointly supervise them — requiring resilience testing, regular self‑assessments and major‑incident reporting.
- The goal is to curb systemic risk from cloud outages or cyberattacks and boost financial resilience — a narrower UK move compared with the EU's earlier list of 19 firms.
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