Data Privacy & Security Data Privacy & Security

Visa, Mastercard carveout from cloud-computing law could weaken EU financial system, EBA official says

By Jack Schickler
  • 05 May 2021 07:35
  • 05 May 2021 07:35
Excluding Visa and Mastercard IT systems from direct oversight under new EU legal proposals could allow them to become the “weakest link” in the resilience of the bloc's financial system, a European Banking Authority official has said. 
The comments from the EU financial watchdog come after France, Sweden and Spain

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