Cloud auditing:
Assurance resources
& pooled audits
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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.
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For more information:
Alexandra Maniati, Senior Director of Innovation & Cybersecurity, a.maniati@ebf.eu
Julian Schmücker, Senior Policy Adviser – Digital Innovation, j.schmucker@ebf.eu
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
patrick.maes@credit-suisse.com |drspatrick.maes@gmail.com
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