UK designates four cloud providers as Critical Third Parties for financial sector
The UK government has designated Microsoft Ireland Operations, Google Cloud EMEA, Amazon Web Services EMEA and Oracle Corporation UK as Critical Third Parties (CTPs), bringing them under direct oversight by UK financial regulators from 13 July. The designations, announced by HM Treasury, are intended to strengthen the operational resilience of the UK financial system as banks, insurers and financial market infrastructures become increasingly reliant on cloud services.