EMEA | Financial services
Banco de España
The Banco de España supervises credit institutions and financial entities in Spain. The Banco de España is responsible for safeguarding the stability of the financial system, preventing significant disturbances in the banking sector, and verifying regulated entities compliance with banking regulations.
Google Cloud’s contracts for financial institutions in Spain address the Bank of Spain’s requirements. We have also created mappings for both Google Cloud and Google Workspace to help you understand how we can support you with meeting the Bank of Spain’s requirements and assess us as an outsourced service provider. Google Cloud is committed to addressing these requirements regardless of how financial institutions choose to use our services.
Bank of Spain’s Compliance Offerings
Learn more about the key laws, regulations, and guidelines prescribed by the Bank of Spain.
Learn more about the Bank of Spain’s Circular
2/2016 The Banco de España issued
Circular 2/2016,
which sets out the minimum requirements that Banco
de España expects regulated entities to meet when
outsourcing. Circular 2/2016 provides specific
guidance on risk management, concentration risk,
data locations, due diligence, monitoring the
service, audit, termination, transition,
sub-contracting, business continuity and security.
For more information, we have put together a
compliance mapping for
Google Cloud
and
Google Workspace.
Learn more about the Bank of Spain’s Circular
3/2022 The Bank of Spain issued
Circular 3/2022,
which sets out the minimum requirements that Banco
de España expects regulated entities to meet when
outsourcing. Circular 3/2022 provides specific
guidance on general requirements applicable to
delegated services or functions; delegation policies
and the delegation of essential services or
functions. We have provided
Google Cloud
and
Google Workspace
compliance mappings for those wishing to learn more
about how our services comply with Circular 3/2022.
