It’s DORA day! The EU financial services sector has been anticipating today since the Digital Operational Resilience Act was published in December 2022. DORA brings a significant shift to the sector in terms of how financial entities must manage risk linked to use of technologies, and it has created one
Continue Reading DORA: Navigating the New Era of Digital Operational Resilience in EU Financial Services
The PRA, FCA and the Bank of England (the Regulators) have identified, for some time, the growing dependency of the UK finance sector on critical third parties who supply services to the finance sector (CTPs), including, in particular, the largest cloud service providers. The Regulators have
Continue Reading Operational Resilience in the UK Financial Services Sector: Proposed ‘Critical Third Party’ Regulations
EU – Publication of DORA
The EU Digital Operational Resilience Act (DORA) has now been published (on 27 December 2022) and entered into force on 16 January 2023.
There will be a 24 month implementation period. Therefore, DORA will apply from 17 January 2025 in all EU Member
Continue Reading Operational Resilience: Update
