2021-05-12 14:43
European Cloud User Coalition (ECUC) publishes its Position Paper on public cloud computing
In January 2021, several leading European financial Institutions have established the ECUC which has developed a joint position on common solutions for secure public cloud enablement. The resultant ECUC – Position Paper has now been published.
Today on the 12th of May 2021, the ECUC announces the publication of its Position Paper on public cloud computing in the European financial industry. The European Cloud User Coalition (ECUC) was founded in 2021 to assist the compliant use of public cloud technology in European Financial Institutions (FI).
The primary objective is to develop a joint position on common challenges and solutions on Cloud Service Providers (CSP). The Position Paper covers the topics Privacy, Security, Governance & Regulation as well as Standard Contractual Clauses. It also contains the ECUC’s position on the EU’s proposed Digital Operational Resilience Act (DORA). Swedbank supports the work done by the ECUC as it creates a common platform to strengthen the use of cloud for financial institutions across the European Union.
ECUC has 19 financial institutions as members across Europe. Among others Allied Irish Banks, Bank of Ireland, BAWAG Group, Belfius Bank, Commerzbank AG, Deutsche Börse AG, EFG Bank AG, Erste Group Bank AG, Euroclear, ING Groep N.V., KBC Bank NV, Landesbank Saar, Permanent TSB, Raiffeisen Bank International, Swedbank AB and UniCredit S.p.A. stand as ECUC members behind the Position Paper.
It remains open to additional members that seek to collaborate on setting future standards for public cloud computing.
Link to Position Paper: http://ecuc.group/papers/ecuc_position_paper_may_2021.pdf
Contact:
Mattias Elander Forsgren, Press Manager, +46 73 843 32 66, mattias.elander-forsgren@swedbank.se