32 Days
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المشهد العربي
Britain enforces direct oversight on tech giants
The British government has announced the inclusion of companies "Microsoft," "Google," "Oracle," and "Amazon" as major suppliers to the financial sector, subjecting them to direct regulatory oversight by the Bank of England and other regulatory bodies. This measure aims to strengthen the resilience of the national financial system and protect it from cybersecurity threats and technical failures, especially given the increasing reliance on cloud services by financial institutions. These companies will be required to conduct regular tests and self-assessments, and to immediately report any technical or security incidents that could impact the stability of the financial system.
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