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 OPINIONS & REPORTS

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Legal & regulatory

Haut Comité Juridique de la Place financière de Paris

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Conception : Agence Isabelle Delacre - Copyright 2024

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  NEW FINANCIAL TECHNOLOGIES

 

OPINIONS AND REPORTS TO BE DOWNLOADED

 

. The "Banking Cloud".

Working Group chaired by Frédéric Lacroix

05/21   RA42A - Report  ➡  Download

 

The growing use of "cloud" computing technology and its widespread use within banking businesses raises undeniable challenges linked to the high concentration of technology service providers, the issue of digital sovereignty and the risk of non-compliance with financial regulations. After reviewing these issues, the HCJP report notes that the regulations governing the banking sector must evolve. Regulatory approaches to the outsourcing of banking services to the cloud at European and national level are incomplete and heterogeneous. This work puts forward several proposals for improving these regulations.

 

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