REGULATION · EU|UK
UK and EU regulators demand answers from Google after cloud outage hit bank websites
The European Banking Authority and UK Financial Conduct Authority contacted Google following a major cloud outage that disrupted multiple bank websites this week. Regulators are investigating operational resilience and third-party infrastructure risk.
WHY IT MATTERS
Expect tighter cloud vendor oversight in EU and UK regulatory guidance. Banks will face new requirements to test failover scenarios and reduce single-vendor concentration in critical systems.
Source: Finextra · 2026-10-22