Stay organized with collections Save and categorize content based on your preferences.
finance logo

U.S. | Financial services


The Federal Reserve System (Federal Reserve) is the central bank of the United States. It promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole. The Board of Governors of the Federal Reserve System issued guidance on managing outsourcing risk (“Federal Reserve Guidance”) to help financial institutions conduct a risk assessment of outsourced service providers.

The guidance identifies key areas in compliance and operations that institutions should consider before entering into, and while managing, relationships with outsourced service providers, including due diligence, contract provisions, oversight, monitoring, business continuity, and contingency plans.

Google Cloud’s contracts for institutions in the United States address the contractual requirements in the Federal Reserve Guidance . We have also created mappings to the guidance 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 institutions choose to use our services.

ISO/IEC 27001

Learn more