O365 is a big pain point for Swiss banks. It's tremendous work to even assess the situation and you have to try to get straight answers out of MS in regards to

O365 is a big pain point for Swiss banks. It's tremendous work to even assess the situation and you have to try to get straight answers out of MS in regards to every last detail of every feature. From the little knowledge I have about this, it might not even be enough for MS to guarantee that the no data leaves EU borders but simply the fact that MS is a US company could be enough for US courts to force them to exfiltrate data. Not sure if this is correct or if they already have a company structure in place that would prevent this. As much as I would like to see more competition thanks to this, I think at the end MS will figure it out and they will remain the dominant force.