Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Technology

Posted By Jessica Weisman-Pitts

Posted on December 4, 2024

UK to publish provisional report on cloud computing in January

LONDON (Reuters) – Britain’s competition regulator will issue its provisional findings of its cloud computing investigation in January, rather than this month, according to a revised timetable published on Wednesday.

The final deadline for the final report of July 2025 is unchanged.

The Competition and Markets Authority (CMA) is investigating cloud computing, a market dominated by Amazon’s AWS, Microsoft’s Azure and, to a lesser extent, Google Cloud Platform.

It launched its investigation after Britain’s media regulator Ofcom raised concerns that data transfer fees, volume discounts and other features of the market could be stopping customers from switching supplier or using multiple suppliers.

The CMA has also been examining the software licensing practises of Microsoft in particular, for example for the use of Windows Server and its Microsoft 365 products on rival cloud platforms.

The U.S. tech giant is facing a legal claim in Britain over its cloud licensing policies.

Competition lawyer Maria Luisa Stasi filed a case at the Competition Appeal Tribunal on Tuesday, claiming that British businesses and organisations could collectively be owed more than 1 billion pounds ($1.27 billion) in compensation.

The United States Federal Trade Commission is also looking into the issue. Last week it opened a broad antitrust investigation into Microsoft, according to a source familiar with the matter.

The FTC is examining allegations the software giant is potentially abusing its market power in productivity software by imposing punitive licensing terms to prevent customers from moving their data from its Azure cloud service, sources confirmed earlier this month.

(Reporting by Paul Sandle and Muvija M; editing by Sarah Young)

Recommended for you

  • Vervent’s Calculation Agent Services Delivers Best-in Class Technology with Structured Finance Expertise

  • Semperis Surpasses $100M in ARR as Organisations Prioritise Identity System Defence

  • How AI is Revolutionizing the Financial Sector: Key Trends Shaping 2025 and Beyond