Systemic consequences of outsourcing to the cloud. Jon Danielsson.

Systemic consequences of outsourcing to the cloud

December 2, 2019
Financial institutions are increasingly outsourcing information technology to the cloud, motivated by efficiency, security, and cost. This column argues that the consequence is likely to be short- and medium-term stability at the cost of the increased likelihood of catastrophic systemic events. Cloud providers are systemically important and should be regulated as such.

Published on

The dissonance of the short and long term
Artificial intelligence as a central banker

Models and risk
Bloggs and appendices on artificial intelligence, financial crises, systemic risk, financial risk, models, regulations, financial policy, cryptocurrencies and related topics
© All rights reserved, Jon Danielsson,