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ARTICLE · 24 JANUARY 2025

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Navigating DORA: Key Compliance Steps From 17 January 2025

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The Digital Operational Resilience Act (DORA) applies to certain financial entities from today – 17th January 2025.

IrelandFinance and Banking
Niall Esler
Niall Esler
Shane Martin
Shane Martin
Laura Whitson
Laura Whitson
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key takeaways

  • DORA is now applicable, imposing requirements in respect of ICT risk management and digital operational resilience.

  • Firms should be preparing their register of information ready for sharing with the CBI in April.

  • Reporting major ICT-related incidents is now mandatory within specified timeframes.

The Digital Operational Resilience Act (DORA) applies to certain financial entities from today – 17th January 2025.

DORA aims to ensure that financial entities operating in the EU financial services industry can withstand, respond to and recover from all types of information and communication technology (ICT)-related disruptions and threats.

Starting today, national competent authorities (NCAs) such as the Central Bank of Ireland (CBI) will initiate their supervision of DORA. This includes conducting reviews to assess compliance along with gathering and verifying information requested by the European Supervisory Authorities (ESAs).

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