big tech regulation

As well as cyber risk, regulators are worried about concentrating too much information in the hands of Amazon, GoogleandMicrosoft—whichdominate cloud provision — without the same levelofsupervisoryoversightasbanks. The Bank of England is considering whether to test banks’ resilience by analysing what would happen if access to the cloud were disrupted. The BoE is also expected to publish more detailed thinking on the subject as a prelude to possibleregulation. In the US, the Office of the Comptroller of the Currency is reviewing banks’ relationships with third-party vendors, includingcloudproviders.