Council: Adopted Digital Operational Resilience Act

Council: Adopted Digital Operational Resilience Act

Council: Adopted Digital Operational Resilience Act 150 150 ECIIA

The Council adopted the Digital Operational Resilience Act (DORA) which will make sure the financial sector in Europe is able to stay resilient through a severe operational disruption. DORA:

  • Sets uniform requirements for the security of network and information systems of companies and organisations operating in the financial sector as well as critical third parties which provide ICT-related services to them;
  • Creates a regulatory framework on digital operational resilience whereby all firms need to make sure they can withstand, respond to and recover from all types of ICT-related disruptions and threats;
  • Mandates the relevant European Supervisory Authorities (ESAs) to develop technical standards for all financial services institutions to abide by, from banking to insurance to asset management. 
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