Position paper - Joint Association Statement on the Implementation of the Digital Operational Resilience Act

The financial services industry is committed to ensuring the digital operational resilience of the EU financial sector in line with the Digital Operational Resilience Act (DORA). It is within this context that the undersigned associations would like to draw attention to the challenges that industry participants, representing financial entities as well as ICT third-party service providers, are facing regarding the implementation of DORA by the 17 January 2025 deadline and highlight the need for coordinated supervisory action to be taken in response. Industry needs further clarity from the supervisory authorities on their approach to any possible DORA enforcement actions. This could include an outline of potential supervisory priorities or areas of focus for the first year of DORA application, which would provide helpful guidance for industry participants on how to prioritise their efforts.