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 and by the Federal Financial Institutions Examination Council on July 10. 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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