The growing pull of public cloud for banks and regulators

Adoption by the FCA for Mifid II data reporting indicates public cloud satisfies regulatory, security and reliability requirements

Cloud forecast to shine: banks are increasingly adopting the new technology

As regulation continues to force the contraction of trading desks across the industry, there is one ray of light for dealers. Not too far off, they may have a new asset class to trade – cloud futures.

Banks are following other technology-intensive industries in a move towards transferring their calculations and data to massive networks of remote servers accessed via the internet – the so-called cloud. As the infrastructure supporting cloud becomes increasingly commoditised, observers foresee the

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