DORA – Navigating The EU's Operational Resilience Landscape

DORA – Bolstering and Harmonising Operational Resilience Across the EU

Digital technologies are pivotal for global financial and capital market firms to support complex systems, it is critical for the delivery of typical business functions and revenue-generating activities. Digitalisation and the resulting interconnectivity enable greater efficiency and cost savings but also amplify Information and communication technology (ICT) risks and increase the financial system's vulnerability to cyber threats or disruptions.

Despite targeted policy and legislative initiatives at the national level, the European Union (EU) recognises the critical need to harmonise and bolster operational resilience across its member states to protect the integrity and efficiency of the internal market, particularly considering escalating cyber threats1 and disruption incidents². A view recently echoed by Liquidnet³: