European regulators query Google Cloud over bank outage
In short
European banking regulators asked Google Cloud about a cloud outage that hit banks. The European Banking Authority said it is trying to learn what happened and what it could mean for financial firms in the EU.
The impact on banks is still unclear, and the cause of the outage was not stated in the available reporting.
What the reporting says
European banking regulators queried Google Cloud over a cloud outage that hit banks, according to a Reuters-cited watchdog update. The European Banking Authority said it has been in contact with Google Cloud to get more information, understand the incident’s implications and assess its potential impact on EU financial entities. What caused the outage and which banks were affected were not stated in the available reporting.
Why it matters
European banking regulators queried Google Cloud after a cloud outage disrupted banks, with the European Banking Authority saying it is seeking more information and assessing possible effects on EU financial entities. The reporting does not say which banks were hit or what caused the outage. The immediate focus is on understanding the operational and regulatory impact on financial firms using Google Cloud.