SFSA (Sweden)

The Swedish Financial Supervisory Authority (“SFSA”) (Sw. Finansinspektionen) is responsible for promoting stability and efficiency in the Swedish financial system. The SFSA authorises and supervises all companies operating in the Swedish financial markets.

The Regulations and General Guidelines regarding governance, on risk management and control at credit institutions (“SFSA Guidelines”) addresses the SFSA’s expectations of how credit institutions manage their outsourcing arrangements. The SFSA Guidelines provide specific guidance on: due diligence, monitoring, control and supervision, termination, reporting, business continuity, audit rights and confidential information.

Google Cloud’s contracts for financial institutions in Sweden address the requirements in the SFSA Guidelines. We have also created mappings to the SFSA 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.