Andrew Ellam, Monzo Bank
New legal powers are coming for financial regulators worldwide. New laws are being written and passed now.
Financial regulators are being given powers to regulate the "critical" cloud service providers.
The things on which they will enforce standards are absolutely central to the SRE discipline (e.g. availability/uptime).
Cloud service providers could face large fines or being barred from the market, if they fail to meet required standards.
We (the SRE discipline) will need to successfully collaborate with "risk and compliance" disciplines from the finance field.
We need to represent to the regulators the SRE way of doing things and how effective it can be.
Andrew Ellam, Monzo Bank
Software engineer turned Technical Program Manager turned Chief of Staff to CTO of UK bank. Ran my own businesses for a while, worked for startups and scaleups and for big tech companies.
author = {Andrew Ellam},
title = {Financial Regulators Worldwide Are Getting the Legal Right to Regulate the Operational Resilience of Big Cloud Service Providers},
year = {2022},
address = {Amsterdam},
publisher = {USENIX Association},
month = oct
}
