Reply to post: That will need some more discussion

FCA paves way for cloud computing in UK financial services

Anonymous Coward
Anonymous Coward

That will need some more discussion

I cannot see ANY service provider agree with premise access, because that would mean they contractually agree to harm every other of their customers the moment one of those is investigated by the FCA, which is, well, stupid, and ditto for the open door policy the FCA would like.

I can see what the FCA is trying to do, though, so I would propose a requirement that any cloudy contract contains clauses that require the production of copies of the specific data held by an organisation for the whole of the mandated retention period. It is the regulated entities' job to produce it, so they have to stipulate that in the contract and audit that it is actually possible.

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