Contributing to U.K. financial... Note

Contributing to U.K. financial sector resilience as a critical third party

Google Cloud emphasizes its commitment to operational resilience within the financial ecosystem. A significant development is the U.K. Treasury's designation of Google Cloud EMEA as a critical third party (CTP) to the U.K. financial sector. This designation reflects the extent and importance of U.K. firms using Google Cloud services. As a CTP, Google Cloud EMEA will undergo direct oversight from the Bank of England, the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA), collectively the U.K. financial regulators. Google Cloud supports the regulators' goal of building sector-wide operational resilience and looks forward to deeper collaboration. The company will continue its constructive engagement with these regulators, expecting tangible benefits for the U.K. financial sector. Furthermore, Google Cloud remains committed to helping customers meet U.K. operational resilience, outsourcing, and third-party risk management requirements. They offer resources like whitepapers and mappings to guide customers through these regulations. The CTP regime complements existing requirements rather than replacing them. Google Cloud looks forward to collaborating with U.K. financial regulators with transparency and assurance. Their core objective remains to be the most secure, scalable, and resilient platform for digital transformation.