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Recommendation on the usage of community and public cloud computing services in Hungary, defined by Magyar Nemzeti Bank

Magyar Nemzeti Bank, that is the central bank of Hungary, published its updated recommendation on the usage of community and public cloud computing services in May 2019.

Published on May 15, 2019

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The objective of this recommendation is to provide practical guidance to
entities in the financial intermediary system for managing the risks arising from the
use of community and public cloud computing services and for the uniform interpretation of relevant national and European Union legislation.

The recommendation of Magyar Nemzeti Bank is  based on the good practices and requirements set out in the recommendations of the European Banking Authority on outsourcing to cloud service providers (EBA/REC/2017/03).

The full recommendation is available in english here: https://www.mnb.hu/letoltes/4-2019-cloud-bg.pdf

 

 

outsourcing to cloud service providers

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