Contributing to U.K. financial sector resilience as a critical third party

Alongside our commitment to effective oversight, Google Cloud remains dedicated to supporting our customers with the requirements for U. K. firms relating to operational resilience, outsourcing and third party risk management. We provide insight into how Google Cloud can help customers meet their operational resilience obligations under PRA Supervisory Statement 1/21 in our SS1/21 whitepaper. We explain how Google Cloud’s contracts for UK firms address the outsourcing and third party risk management requirements under PRA Supervisory Statement 2/21 our SS2/21 mapping.

While the CTP regime does not replace these requirements, it is designed to complement them. We are confident that it will.