AWS Responds to Basel Committee on Banking Supervision (BCBS) on Principles for the sound management of third-party risk
Industries Blog
AWS has responded to the Basel Committee on Banking Supervision's (BCBS) consultative document on third-party risk management principles, highlighting key perspectives on regulatory approach and financial technology.
- AWS supports BCBS's technology-agnostic and international regulatory approach
- Emphasized the importance of proportionate and risk-based regulatory frameworks
- Advocated for regulatory alignment and cross-border coordination
- Highlighted AWS's infrastructure resilience, with independent Regions and Availability Zones
- Committed to supporting digital transformation in financial services
The response underscores AWS's belief that principles-based regulations can foster innovation, security, and operational resilience in the evolving technology landscape for financial institutions.
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