‘Critical 3rd parties’: UK puts Microsoft, Google, Amazon, Oracle under oversight

 Major cloud providers like Microsoft and Google are now critical third parties. This designation brings their cloud operations under direct regulatory oversight. The new framework aims to safeguard the country’s financial system resilience. This move addresses increasing reliance on cloud services by financial firms. The regulations take effect on July thirteenth, enhancing financial stability. Major cloud providers like Microsoft and Google are now critical third parties. This designation brings their cloud operations under direct regulatory oversight. The new framework aims to safeguard the country’s financial system resilience. This move addresses increasing reliance on cloud services by financial firms. The regulations take effect on July thirteenth, enhancing financial stability.