Bank of England regulates key tech firms to ensure financial stability
The Bank of England gained regulatory powers over key tech firms including Amazon and Google, effective Monday. The announcement comes amid concerns of system failures that could threaten financial stability, with companies required to prove robust cyber-defenses. Oversight also includes Oracle and Microsoft, labeled as 'critical third parties' by the UK government.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 10 Jul 2026, 14:37 UTC · Updated 10 Jul 2026, 14:50 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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