For bank regulators, tech giants are now too big to fail By Reuters

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2/2 © Reuters. FILE PHOTO: A Google Cloud logo outside the Google Cloud computing unit's headquarters at the Moffett Place office complex in Sunnyvale, California, U.S., June 19, 2019. REUTERS/Paresh Dave/File Photo 2/2 By Iain Withers and Huw Jones LONDON (Reuters) - More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they're not banks. This time it's the tech giants including Google (NASDAQ:), Amazon (NASDAQ:) and Microsoft (NASDAQ:) that host a growing mass of bank, insurance and market operations on their vast cloud internet platforms that are keeping watchdogs awake at night. Central bank sources told Reuters the speed and scale at which financial institutions are moving critical operations such as payment systems and online banking to the cloud constituted a step change in potential risks. "We are only at the beginning of the paradigm shift, therefore we
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