Navigating DORA's Oversight: Key Compliance Requirements For Financial Entities

In our first article in the series, we explored which are the entities that fall under DORA's scope.

ICT risk poses a challenge to the operational resilience, performance and stability of the EU's financial system. In 2018 the EU Commission highlighted the paramount importance of making the EU financial sector more resilient, including from an operational perspective to ensure its technological safety and good functioning, its quick recovery from ICT breaches and incidents, and ultimately enabling the effective and smooth provision of financial services across the EU as a whole, including under situations of stress, while also preserving consumer and market trust and confidence.