European Banking Authority: Consultation on guidance for the use of cloud computing

18 May 2017 to 18 Aug 2017
|
Online

The European Banking Authority (EBA) has launched a public consultation on a set of draft Recommendations on the use of cloud service providers by financial institutions

The Recommendations are aimed at clarifying the EU-wise supervisory expectations if institutions intend to adopt cloud computing, so as to allow them to leverage the benefits of using cloud services, while ensuring that any related risks are adequately identified and managed. They cover five areas: the security of data and systems, the location of data and data processing, access and audit rights, cloud outsourcing, and contingency plans and exit strategies. 

The Recommendations are addressed to credit institutions, investment firms, and competent authorities. 

For more details, and to contribute to the consultation, visit the dedicated webpage

 

The GIP Digital Watch observatory is provided by

in partnership with

and members of the GIP Steering Committee



 

GIP Digital Watch is operated by

Scroll to Top