Original title: Bank of England: Potential risks for cloud data providers
Dave Ramsden, deputy governor of the Bank of England, said that the Bank of England may strengthen its control of cloud data providers and other technology companies to deal with the risks that the rise of financial technology may bring to the stability of the financial system.
The Bank of England (BoE) has previously expressed concern about the reliance of financial companies (especially fintech start-ups) on third-party technology companies in key parts of their operations, and Ramsden said such scrutiny will intensify.
“We plan to further analyze whether we need more powerful tools to manage key third parties (including potential cloud computing and other major technology providers).bankThe risks posed by goals,” Ramsden said at the Innovative Finance Conference on Wednesday.
Global regulators have been stepping up scrutiny of outsourcing functions because they worry that the core services provided by financial companies to customers are vulnerable to third-party failures.
The British government is keen to promote financial technology as a growth area, and hopes that more flexible supervision will enable it to seize the opportunity in front of the EU-due to Brexit, the current access conditions for British financial companies in the EU have declined.
The Bank of England stated that it would not lower its regulatory standards, but it did seebankAnd someInsuranceThere is room for more simplified supervision in the field.
On Monday, Finance Minister Rishi Sunak asked the Bank of England to cooperate with the Ministry of Finance to study whether the central bank should set up a digital version of the British pound to cooperate with cryptocurrencyCompetition, he called it “Britcoin”.
Fearing that the UK is not as attractive as the United States as a listing place, especially for technology companies whose founders wish to continue to hold important positions, the government is also negotiating a proposal to relax the rules on stock listings.
Ramsden said that the Bank of England took a measure on Monday to make the operations of small financialbankAnd processing company-led high-value payment system.
Other steps include standardized identification of companies involved in financial transactions, and research on whether artificial intelligence can reduce the burden of regulatory compliance.
(Source: China Gold Network)
(Editor in charge: DF506)
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