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A cloud service provider is a thirdparty company offering a cloudbased platform, infrastructure, application or storage services Much like a homeowner would pay for a utility such as electricity or gas, companies typically have to only pay for the amount of cloud services they use, as business demands require Financial institutions have used a range of thirdparty services for decades, and many jurisdictions have in place supervisory policies around such services Yet recently, the adoption of cloud computing and data services across a range of functions at financial institutions raises new financial stability implicationsA cloud service provider is a thirdparty company offering a cloudbased platform, infrastructure, application, or storage services Much like a homeowner would pay for a utility such as electricity or gas, companies typically have to pay only for the amount of cloud services they use, as business demands require Cloud Computing Public Cloud Hybrid Ict Third party cloud s...