GCP - Planning for the Worst
Last month, Google Cloud published Planning for the Worst: Reliability, Resilience, Exit and Stressed Exit in Financial Services. This happens to be a topic I have previously worked on, so I was very interested to hear the perspective that GCP would bring. The wider industry context here is that regulators are very interested in potential risks to the financial system arising from the wholesale migration to cloud computing; in March 2021 the Prudential Regulation Authority in the UK published two supervisory statements closely related to the topic, including Outsourcing and third party risk management, which introduces the concept of a “stressed exit”....