& pooled audits
Brussels, 7 July 2022
As consumer expectations and new technologies have emerged, so too have the opportunities cloud computing presents for all businesses, notably Financial Institutions (FIs). For the latter, adopting cloud computing is paramount but must be done in full compliance with the regulatory frameworks in force to safeguard data security and mitigate risk in this virtual environment.
The digital transformation underway continues to re-shape and advance cloud technology and – in turn – the auditing thereof. Indeed, while this technologically-driven advancement is happening, EU regulators are creating a more elaborate regulatory ecosystem for cloud adoption in Europe, addressing, among other aspects, cloud auditing. This paper focuses on the auditing of Cloud Service Providers (CSPs), where the FI directly outsources to the CSP.
For more information:
Alexandra Maniati, Senior Director of Innovation & Cybersecurity, firstname.lastname@example.org
Julian Schmücker, Senior Policy Adviser – Digital Innovation, email@example.com
Drs. Patrick Maes
Chair of the Cloud Expert Group and Cloud Banking Forum @ European Banking Federation
Managing Director – Global Head of Bank User Solutions @ Credit Suisse
About the EBF:
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.