On 24 September 2020 the European Commission published its long-awaited draft regulation on digital operational resilience for the EU financial services sector (DORA). The proposal, which is part of the broader Digital Finance Strategy package, is a first European-level legislative initiative aiming to introduce harmonised and comprehensive framework on digital operational resilience for European financial institutions. When formally adopted, DORA will also bring critical third-party service providers – such as cloud computing services – within a direct oversight of the European Supervisory Authorities.
Senior Government and Regulatory Affairs Advisor, Anna Carrier, gives an overview of 10 key things that you need to know about DORA. Click here to read it now.