What Are The Implications Of The New EU Dora Regulation And Operational Resilience Requirements For Financial Services Companies?
Technative, Monday, January 6th, 2025
The financial sector is bracing itself for the EU's Regulation on Digital Operational Resilience for the Financial Sector (DORA), effective from 17 January 2025.
One of the most talked about topics currently in legal, financial services and cyber security circles, Jonathan Armstrong, Partner at Punter Southall Law and expert in compliance and technology law, shares his insights on the implications of DORA for organisations in the EU and beyond.
Jonathan says, 'DORA is a regulatory framework designed to strengthen the resilience of the financial sector against digital disruptions. It applies to banks, insurers, investment firms, and other financial institutions, as well as to key third-party service providers, like cloud computing services.'