The UK has started consulting on its proposals to oversee the cloud computing and data analytics services that banks depend on, a push that could see parts of firms like Amazon.com Inc., Alphabet Inc. and Microsoft Corp. come under the remit of the country’s financial regulators.
The proposals include “requirements on technology and cyber resilience” as well as the provision of “certain information and assurance to the regulators,” according to a statement Thursday from the Bank of England, its Prudential Regulation Authority and the Financial Conduct Authority, which identify the firms it was targeting.