UK to regulate cloud service providers Microsoft, Google and others to protect financial stability

The UK is implementing new regulations for major cloud service providers, including Microsoft, Google, Amazon, and Oracle. These companies have been classified as essential suppliers to the UK financial sector. By placing these platforms under direct regulatory supervision, the UK government aims to protect overall financial stability. This move ensures that critical cloud infrastructure supporting financial services is subject to stricter oversight to mitigate systemic risks and maintain the integrity of the national economy.