Data Privacy & Security Data Privacy & Security

Foreign cloud providers to EU banks must locate within the bloc, French regulator says

By Jack Schickler
  • 01 Jun 2021 10:56
  • 01 Jun 2021 10:56
Foreign IT providers serving EU banks should be forcibly based within the bloc to avoid “dangerous” financial instability, the head of the French financial regulator has said.

Robert Ophèle, president of the Autorité des Marchés Financiers, called for stronger EU laws and mandatory contractual clauses to limit the financial-stability risks of

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