Navigating DORA: Is Your Financial Institution Ready?
The Digital Operational Resilience Act (DORA), in effect since January 17, 2025, marks a major evolution in EU financial regulation. It tackles operational resilience, especially concerning Information and Communication Technology (ICT) risks. DORA acknowledges the financial sector’s significant reliance on third-party ICT providers and establishes rules for managing these relationships. Financial firms depend on ICT services for key tasks, making these providers vital for DORA compliance. The firm’s efforts to align with DORA’s guidelines for…
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