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A new threat to financial stability lurks in the cloud

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The Financial Times

3 min read
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Regulators are getting nervous about the risks emanating from data storage and processing platforms dominated by a handful of big companies

15 June, 2023 by Gillian Tett

Three weeks ago, the US Treasury announced the launch of a new oversight committee called the “Cloud Executive Steering Group.”

It received almost no public attention. No wonder: compared to the explosive controversies around cryptocurrencies, ChatGPT or Europe’s new drive to break up Google’s dominance of

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