Perspectives

Episode 16: What are regulators doing about Cloud computing?

Regulated Radio podcasts

How are financial firms and their regulators getting to grips with the rise of Cloud computing? As firms push ahead with their digital transition, more and more of their activity depends on Cloud Service Providers. Regulators have recognised the efficiency gains that using the Cloud can bring to firms, but they equally want to ensure that risks arising from this are well managed. Tune in to hear Tom Bigham and Suchitra Nair speak to Scott Martin about the trends that financial services firms should be watching today.

Key questions:

  • How quickly has Cloud adoption been progressing in the financial sector?
  • What are regulators doing to ensure that they can understand the risks arising from Cloud computing?
  • Where can financial firms expect regulators to exercise the most scrutiny in assessing their Cloud transition plans?
  • What is ‘concentration risk’ and how could it pose a challenge to financial sector stability?

Widespread remote working is placing extra demand on cloud  computing resources. For financial institutions, this is accelerating a trend that was already well underway.

Speakers

Tom Bigham
Partner
Risk Advisory

Tom is a Partner in our Risk Advisory group, and leads our technology and digital risk management activities for Financial Services.

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Suchitra Nair
Director
EMEA Centre for Regulatory Strategy

Suchitra is a Director in the EMEA Centre for Regulatory Strategy (Centre) and leads the Technological Innovation and Regulation work. She focuses on the strategic impact of regulation on innovation and the evolving response of regulators and regulated firms.

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Scott Martin
Senior Manager
EMEA Centre for Regulatory Strategy

Scott is a Senior Manager in the Centre for Regulatory Strategy advising on international banking regulation, with a particular focus on bank capital, strategy, cyber risk and public policy-making processes.

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Transcript

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