Banks call for direct oversight of cloud providers by US regulators

Tri-opoly of cloud vendors “poses systemic risk” to financial sector, say risk managers

Cloud supervision montage

Senior risk managers at three large global banks tell they want US bank regulators to exercise direct oversight of cloud service providers, such as Amazon, Google and Microsoft.

“Those big cloud providers already pose systemic risk to the financial sector,” says the head of third-party risk management at a large European bank with operations in the US. “Regulators cannot shy away from regulating them directly.”

“I completely agree” that bank supervisors should “directly regulate cloud

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here