Germany: Issued Supervisory Notice on Cloud Outsourcing
Description
Issued Supervisory Notice on Cloud Outsourcing
On 1 February 2024, the German Federal Financial Supervisory Authority (BaFin) published a supervisory notice on outsourcing to cloud providers. The notice, based on the guidance from November 2018, provides practical insights into how BaFin assesse…
Scope
Policy Area
Data governance
Policy Instrument
Data protection regulation
Regulated Economic Activity
other service provider, infrastructure provider: cloud computing, storage and databases
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body