The Wall Street Journal reported on November 21, 2019, that the Federal Reserve is considering whether to begin examining data storage technology service providers (“TSPs”) of the banks that it regulates.  While financial regulators have long scrutinized TSPs generally, this report indicates a new interest by a federal regulator in direct oversight of TSPs, particularly those that provide data storage on media such as the cloud.
Continue Reading The Federal Reserve Is Considering Oversight of Data Storage TSPs