EMEA | Financial services
CSSF (Luxembourg)
The Commission de Surveillance du Secteur Financier (“CSSF”) is responsible for supervision of the markets and ensuring the safety and soundness of the financial sector in Luxembourg. Through its circulars, the CSSF seeks to ensure that the financial sector in Luxembourg is operating in a protected and safe environment with an aim towards mitigating the risk of financial fraud.
CSSF Compliance Offerings
Learn more about the key laws, regulations, and
guidelines prescribed by the CSSF.
Learn more about Circular 17/654 and how Google
Cloud can help support your CSSF compliance efforts.
Circular 17/654 provides a regulatory framework for
financial institutions on IT outsourcing to public
cloud service providers. Circular 17/654 provides
specific guidance on: management of outsourcing
risks, business continuity, systems security,
monitoring of activities, contractual clauses and
the right to audit. Google Cloud’s contracts for financial institutions
in Luxembourg address the requirements in Circular
17/654. We have also created mappings to the
guidelines for both
Google Cloud
and
Google Workspace
to assist you with understanding how we can support
you with meeting the 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.
Learn more about Circular 22/806 and how Google
Cloud can help support CSSF compliance efforts. The CSSF published Circular CSSF 22/806 to
implement the requirements of the EBA Guidelines on
outsourcing arrangements. Circular 22/806 provides
specific guidance on: the contractual phase,
oversight of outsourced functions, exit plans,
management of outsourcing risks and contractual
clauses. Google Cloud’s contracts for financial institutions
in Luxembourg address the requirements in Circular
22/806. We have also created mappings to the
guidelines for both
Google Cloud
and
Google Workspace
to assist you with understanding how we can support
you with meeting the 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.