Regulating the Use of Cloud Computing
by Financial Institutions

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Regulating the Use of Cloud Computing by Financial Institutions

Financial institutions (FIs) are increasingly turning to cloud computing technologies to help them meet their IT needs and to compete in the rapidly evolving industry, recognizing the benefits that cloud computing offers in IT performance, innovation, cybersecurity, and cost savings.

Part I of this White Paper provides an overview of cloud computing, summarizing the benefits and risks associated with cloud service provider relationships. Part II discusses the principles underlying the proposed regulatory framework, including the benefits of principles-based regulation in comparison with a more prescriptive regime. Part III sets forth guidelines that government authorities can adopt to effectively regulate the outsourcing of cloud computing services by FIs in a safe and sound manner.
https://info.microsoft.com/ME-DTBNK-CNTNT-FY19-03Mar-03-RegulatingtheuseofCloudComputing-MGC0003578_02ThankYou-StandardHero.html
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