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
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
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.