1、 Financial Stability Institute FSI Insights on policy implementation No 53 Managing cloud risk some considerations for the oversight of critical cloud service providers in the financial sector By Ting Yang Koh and Jermy Prenio November 2023 JEL classification:G20,G28,O38 Keywords:cloud service provi

2、der,critical CSP FSI Insights are written by members of the Financial Stability Institute(FSI)of the Bank for International Settlements(BIS),often in collaboration with staff from supervisory agencies and central banks.The papers aim to contribute to international discussions on a range of contempor

3、ary regulatory and supervisory policy issues and implementation challenges faced by financial sector authorities.The views expressed in them are solely those of the authors and do not necessarily reflect those of the BIS or the Basel-based committees.Authorised by the Chair of the FSI,Fernando Resto

4、y.This publication is available on the BIS website(www.bis.org).To contact the BIS Global Media and Public Relations team,please email mediabis.org.You can sign up for email alerts at www.bis.org/emailalerts.htm.Bank for International Settlements 2023.All rights reserved.Brief excerpts may be reprod

5、uced or translated provided the source is stated.ISSN 2522-249X(online)ISBN 978-92-9259-706-1(online)Managing cloud risk some considerations for the oversight of critical cloud service providers in the financial sector iii Contents Executive summary.1 Section 1 Introduction.3 Section 2 Background on

6、 cloud services and their use in the financial sector.4 Section 3 The existing prevalent approach:indirect oversight of CSPs used in the financial sector.8 Section 4 Regulations/guidance/supervisory/oversight practices directly applicable to CSPs.9 With cross-sectoral application.10 Specific to the