Cloud Guidance Rains Down In July

Law360, New York (July 27, 2012, 1:51 PM EDT) -- Regulatory guidance on risks that may be posed by cloud computing was issued by Europe's Article 29 Working Party on July 3, 2012[1] and by the Federal Financial Institutions Examination Council on July 10.[2] Although the guidance from the two organizations differs in many respects, the regulators are united in recommending that anyone wishing to use cloud computing should undertake a thorough risk analysis — and there is no "one-size-fits-all" answer.


Companies in the financial services sector are probably familiar with the FFIEC, which is...
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