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http://content.ebscohost.com/ContentServer.asp?T=P&P=AN&K=119186877&S=R&D=iih&EbscoContent=dGJyMNHX8kSepq84v%2BbwOLCmr0%2Bepq5Ssq64SbeWxWXS&ContentCustomer=dGJyMPGvrkiyp65OuePfgeyx44Dt6fIA please read this article what is your opinion on that article and summarize briefly in 1or 2 pages thank you http://content.ebscohost.com/ContentServer.asp?T=P&P=AN&K=119186877&S=R&D=iih&EbscoContent=dGJyMNHX8kSepq84v%2BbwOLCmr0%2Bepq5Ssq64SbeWxWXS&ContentCustomer=dGJyMPGvrkiyp65OuePfgeyx44Dt6fIA please read this article what is your opinion on that article and summarize briefly in 1or 2 pages thank you

Explanation / Answer

The FCA and SLALOM are two regulatory bodies that have published guidelines for regulated financial services firms outsourcing to the cloud and other third party IT services. This is important to close the gaps between the customers and providers of cloud services. There are many factors in cloud computing like security, confidentiality, trust and availability that are highly important. Such regulation aims at addressing concerns in these areas for smooth functioning of the financial services firms.

Some of the key recommendations of FCA are in the following areas:

Supply Chain Identification

Cloud Data Locations

Access to Data Centers

Outsourcing of U.K's FCA regulated financial firms is allowed as long as they comply with the regulations.

SLALOM's terms for cloud are :

Service Levels

Service Variation

Term and Termination

Liability

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