Clifford Chance
Managing the regulatory storm for cloud services – APRA's Information Paper
30 July 2015
The Australian Prudential Regulation Authority (APRA) has released an information paper (Information Paper) on prudential considerations and key principles in relation to outsourcing involving shared computing services (whether it be hardware infrastructure or software), including cloud services. The Information Paper follows APRA's observations of an increase in the volume, complexity and materiality of outsourcing arrangements involving shared computing services and an expectation that this will continue to evolve.
