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Bank of England: How Cloud Computing Reshapes Competition in the Banking Sector (Explained)
This episode dives into a new Bank of England staff working paper exploring how cloud outsourcing is impacting competition in the UK banking sector. We break down how banks' use of Cloud Service Providers (CSPs) affects their costs, deposit growth, and the competitive landscape, particularly for smaller institutions, and how this interacts with capital requirements. Learn how this technological shift could be reducing barriers to entry and reshaping financial stability. For questions or discussion, reach out to feedback@econpod.org, and find the full paper at…
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