UK MPs Question Financial Regulators on Google Cloud Outage Impact on Banking System

Members of Parliament in the UK have formally requested details from financial regulators on their response to a recent Google Cloud outage, which affected major banking applications and other critical services across the country. The inquiry follows the outage on October 20, caused by a power problem in Google Cloud's London region. The Treasury Committee chair has written to the Bank of England and the Financial Conduct Authority (FCA), seeking information on how they will address the incident, especially since major cloud providers like Google Cloud were recently designated as Critical Third Parties (CTPs), granting regulators oversight powers.