What financial data are we talking about here? People (individuals) put banking records on the cloud? You can get raided, and the regulator requests your data from a cloud provider??? https://www.ft.com/content/77702487-0cec-4d88-990e-ffbcc69bf9df Google, Amazon Web Services and Microsoft have refused to agree to a proposal that would give Hong Kong regulators access to customer banking records, putting the companies on a collision course with city authorities. The technology groups have been locked in negotiations since last year with the Securities and Futures Commission, the Hong Kong regulator, over providing access to financial data held in their cloud platforms.