Bank of England Granted Powers to Regulate Big Tech Firms Including Amazon and Google

Jul 11, 2026

The Bank of England and the Financial Conduct Authority will oversee critical third-party tech providers such as Amazon, Google, Oracle, and Microsoft to ensure resilient cyber-defenses and prevent system failures that could threaten financial stability. The new powers take effect from Monday, targeting four large-scale cloud and tech service providers to banks.

Why it matters: This marks a significant expansion of financial regulation into the tech sector, aiming to safeguard the UK economy from cyber-attacks and outages that could disrupt services for millions.

Full story at: The Guardian / AI ↗