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To Innovate Or Regulate: How To Regulate Cloud Service Providers Within Financial Institutions, Morgan Willard
To Innovate Or Regulate: How To Regulate Cloud Service Providers Within Financial Institutions, Morgan Willard
Catholic University Journal of Law and Technology
The purpose of this article is to analyze whether cloud service providers should be considered Systemically Important Financial Market Utilities (SIFMU), subjecting them to increased oversight. It also considers the risks and benefits associated with the use of the technology by financial institutions, as well as potential alternatives. Overall, this article argues that cloud service providers do not fall under the current SIFMU framework, and any regulation of the technology should strive to strike a balance between innovation and safe regulation.