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Ensuring operational resilience in financial sector through clarity

8 May 2023
All Committees
Financial Services

The Digital Operational Resilience Act (DORA) is crucial to ensuring digital operational resilience and Information and Communications Technology (ICT) security in the financial sector. However, for industry to successfully implement the new rules, several concerns should be addressed. Businesses need further clarity on the level of aggregation within a Group, designation of ICT third-party service providers, incident reporting and consistency with other EU legislations. Read how the three European Supervisory Authorities (ESAs) can ensure legal certainty and help industry to prepare for the new rules.