EMEA | Financial services

PRA (UK)

The Prudential Regulation Authority (PRA) is a part of the Bank of England and is responsible for prudential regulation in the UK. The PRA supervises banks, building societies, credit unions, insurers and major investment firms and looks to determine whether they are being run in a safe and sound manner.

Google Cloud’s contracts for financial institutions in the UK address the requirements in SS2/21. 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.

The PRA’s Compliance Offerings

Learn more about the key laws, regulations, and guidelines prescribed by the PRA

SS1/21 Operational Resilience: Impact tolerances for important business services

Learn more about SS1/21 and how Google Cloud can help support your PRA compliance efforts.

The SS1/21 Operational Resilience: Impact tolerances for important business services (SS1/21) sets out the PRA’s expectations for the operational resilience of firms’ important business services, for which they are required to set impact tolerances. SS1/21 provides specific guidance on: operational resilience, impact tolerances, mapping requirements, and scenario testing.

SS2/21 Outsourcing and third party risk management

SS2/21 Outsourcing and third party risk managementLearn more about SS2/21 and how Google Cloud can help support your PRA compliance efforts.

The SS2/21 Outsourcing and third party risk management (SS2/21) sets out the PRA’s expectations of how PRA-regulated firms should comply with regulatory requirements and expectations relating to outsourcing and third party risk management. SS2/21 provides specific guidance on: outsourcing agreements, data security, access, audit and information rights, sub-outsourcing, business continuity and exit plans.