✉news BusinessFinance first seen 2 d ago, last 2 d ago, peak #4
EU regulators question Google over cloud outage that hit banks
Original: Europe's financial regulators query Google over cloud outage that hit banks
European financial regulators have formally queried Google following a cloud outage that disrupted banking services across the region. The incident raised concerns about banks' reliance on a small number of hyperscale cloud providers and prompted scrutiny of operational resilience arrangements. Regulators are seeking details on what caused the disruption, how it affected financial institutions, and what safeguards will prevent repeat failures.
Why now: The outage disrupted banking services, drawing regulatory scrutiny of the financial sector's dependence on major cloud providers.
GoogleEuropean financial regulatorsbanks
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