UK Regulators Gain New Powers Over Cloud Providers
The UK has designated major cloud service providers, including Amazon, Google, Microsoft, and Oracle, as critical third-party suppliers to its financial sector, bringing them under direct regulatory oversight
UK regulators have been granted new powers to oversee cloud providers, with the Treasury designating Amazon Web Services EMEA SARL, Google Cloud EMEA Limited, Microsoft Ireland Operations Limited, and Oracle Corporation UK Limited as critical third-party suppliers to the financial sector on 13 July 2026, as outlined by the Financial Conduct Authority. This move aims to ensure the resilience of these providers and reduce the risk of cyber attacks, which could threaten UK financial stability, according to a report by theguardian.com. The development is part of a broader effort to strengthen regulatory oversight, similar to actions taken by authorities in other jurisdictions, such as the US Trade Fraud Task Force, which has recovered significant amounts in recent months.
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