Contributing to U.K. financial sector resilience as a critical third party
At Google Cloud, we take our role in the financial ecosystem very seriously. We firmly believe that operational resilience is essential to driving and sustaining responsible innovation.
Today, we mark a milestone in our ongoing commitment to the financial sector that’s directly relevant to our customers in the U.K. On July 10, the U.K. Treasury designated Google Cloud EMEA as a critical third party (CTP) to the U.K. financial sector under the CTP regime.
This designation takes account of the number and type of U.K. firms using our services and the materiality of their use cases. We acknowledge HMT’s decision on the systemic impact of our services and are committed to playing our part in safeguarding the stability of, and confidence in, the U.K. financial system.
Building sector-wide resilience
As a CTP, Google Cloud EMEA will be directly overseen by the Bank of England, the Prudential Regulation Authority (PRA),...
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