The UK just declared Microsoft, Google, Amazon and Oracle ‘critical’ to its financial system
The Next Web
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The UK government has designated Microsoft, Google, Amazon, and Oracle as 'critical third parties' to its financial system, placing them under direct regulatory oversight due to their widespread use by UK financial firms. This new status enables the Bank of England and other regulators to enforce resilience testing and incident reporting to mitigate systemic risks from potential outages.
