Finance
- Banks in EU face tougher rules on using cloud computing giantsTechnology ·
November 28, 2022 · 3:14 PM UTC · undefined agoFinancial firms in the European Union will have to show how quickly they could recover from a cyber attack as they rely more for key services on 'cloud computing' giants such as Amazon, Microsoft, Google and IBM, the EU said on Monday.
- MarketsEU sets out plans to shift derivatives clearing from London to Frankfurt
Banks and other market participants in the European Union will have to prove to regulators that they are not overly reliant on clearing houses in London for processing their derivatives transactions, an EU draft document seen by Reuters showed.