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ECB consults on a proposed guide on outsourcing cloud services

A visitor tries out a tablet computer next to a cloud computing and technology symbol at the Deutsche Telekom stand.
Photo: Sean Gallup/Getty Images

David Berman | Covington, Emily Lemaire | Covington, Mark Young | Covington+1

9 min read
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Covering application of the Guide; overview of the ECB’s supervisory expectations, including governance of cloud services and BCPs; and the DORA timetable.

On June 3, 2024, the European Central Bank (ECB) issued a consultation, seeking comments on its draft Guide on outsourcing cloud services to cloud service providers (the Guide) by July 15, 2024. The Guide sets out:

  1. The ECB’s interpretation of certain of the operational resilience requirements applicable to banks under the overlapping regimes of:
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