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Webinar: New EU legislative proposals on digital operational resilience (DORA)

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Regnard-Weinrabe Ben
Ben Regnard-Weinrabe

Partner

London

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Di Lorenzo Catherine
Catherine Di Lorenzo

Counsel

Luxembourg

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Anderson Tom
Tom Anderson

Executive Director

London

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Johnstone Nikki
Nikki Johnstone

Senior Associate

London

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Heenal Vasu
Heenal Vasu

Senior Regulatory PSL

London

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09 December 2020

In this webinar we map out the European Commission’s draft Digital Operational Resilience Regulation (DORA) against existing EU rules on digital operational resilience, set out the new obligations which will apply to EU financial entities, and explore DORA's potential impact on regulated firms and their relationships with IT service providers.

The draft DORA regulation (alongside a draft amending directive) aims to enhance the operational integrity of all EU “financial entities”, including banks and other financial institutions, insurance/reinsurance undertakings and intermediaries, and fund managers.

In addition to having significant implications for the IT policies and practices of regulated financial entities, DORA will also have implications for the unregulated IT service providers to whom they outsource functions.