If you work in the finance industry you may be interested to know that Microsoft’s Cloud complies with guidance released by UK regulators.
The Financial Conduct Authority (FCA), the conduct regulator for 56,000 financial services firms and financial markets in the UK, released this finalised guidance document for the sector in July. As an independent public body funded entirely by the firms it regulates, the purpose of the guidance is to clarify the requirements on firms when outsourcing to the cloud and other third-party IT services.
The FCA found “no fundamental reason why cloud services (including public cloud services) cannot be implemented.”
Microsoft has welcomed the FCA’s findings and to help firms’ compliance with regulation, it has released this support paper called “Enabling Compliance: Microsoft’s approach to the FCA’s finalised cloud guidance“.