News & Analysis as of July 25, 2025

Cloud Computing

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

The Digital Decade and Its Transformative Impact on Cloud

DLA Piper on 7/16/2025

The EU is advancing toward its Digital Decade goal of digital transformation by 2030, which includes at least 75% of EU business using cloud-edge technologies for their activities. Meanwhile, one of the cornerstone...more

UK Ofcom Proposes to Refer Cloud Computing Market for Antitrust Investigation

Morgan Lewis - Tech & Sourcing on 4/27/2023

The UK communications regulator and concurrent competition authority, Ofcom, announced on April 5 its proposal to refer the UK cloud services market to the Competition and Markets Authority (CMA) for further investigation....more

Cloud, Data Centre Sale-Leasebacks and the Pandemic - Accelerating Trends for UK and European Regulated Firms

BCLP on 7/13/2021

The COVID-19 pandemic has accelerated the two linked trends of financial institutions transferring their IT infrastructure to the cloud and selling their self-owned data centres in order to lease back only the reduced space...more

Coalition of European Banks Calls for Model Cloud Services Terms

Morgan Lewis - Tech & Sourcing on 6/15/2021

The European Cloud User Coalition (ECUC) published a paper (the Position Paper) on May 17 recommending, among other matters, the adoption of “model clauses” for the long-term compliant use of cloud technologies....more

ESMA Publishes Guidelines on Outsourcing to Cloud Service Providers

Morgan Lewis - Tech & Sourcing on 5/18/2021

The European Securities and Markets Authority (ESMA) on May 10 published final guidelines on outsourcing to cloud service providers (ESMA Guidelines) to help firms and competent authorities identify, address, and monitor the...more

[Webinar] McDermottTech 2020 - September 29th, 5:30 pm - 7:45 pm CET

McDermott Will & Emery on 9/22/2020

We invite you to attend McDermottTech 2020, a virtual conference exploring the latest global trends impacting the technology and outsourcing industry. Please join us for this complimentary program on 29 September for the...more

Financial Stability Board Publishes Reports on Implications of BigTech and Cloud Services

A&O Shearman on 12/24/2019

The Financial Stability Board has published two reports on: (i) BigTech in finance and (ii) third-party dependencies on cloud services. The reports form part of the FSB’s ongoing work to analyze structural changes within the...more

FSB Concerns Over Cloud Concentration in Financial Services Continues

Latham & Watkins LLP on 10/9/2019

The FSB is reviewing cloud provider concentration risk in the latest example of regulator concern over reliance on leading cloud providers by financial services institutions. The Financial Stability Board (FSB), an...more

Cloud Computing by EU Financial Institutions Gets a New Rule Book

Pillsbury Winthrop Shaw Pittman LLP on 1/24/2018

Financial institutions should take note of, and make every effort to comply with, the European Banking Authority’s new cloud computing guidance which will be effective from 1 July 2018. In order to clarify EU-wide...more

Cloud Security Alliance Releases Code of Conduct for GDPR Compliance

Morgan Lewis on 11/29/2017

Data owners and processors are working hard to make sure they have compliance programs in place by the time the European Union’s General Data Protection Regulation (GDPR) goes into force on May 25, 2018. To that end, a new...more

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