News & Analysis as of

Financial Services Industry Information and Communication Technology (ICT)

Katten Muchin Rosenman LLP

European Commission Clarifies Definition of “ICT Services” under DORA

The European Insurance and Occupational Pensions Authority recently published the European Commission’s response (Q&A 2999) on the question of which services fall under the definition of “ICT services” under Article 3(21) of...more

Mayer Brown

Cybersecurity in the Financial Sector: EU’s Digital Operational Resilience Act Takes Effect

Mayer Brown on

Beginning 17 January 2025, the Digital Operational Resilience Act (DORA) will apply to almost all EU financial entities, including banks, insurers and reinsurers, brokers , payment and electronic money institutions,...more

Goodwin

Entry into force of DORA on January 17, 2025: The CSSF will be at the heart of the compliance framework in Luxembourg

Goodwin on

Digital Operational Resilience Act (DORA) aims to harmonize provisions related to cybersecurity and information and communication technology (ICT) risk management in the financial sector. Its scope covers nearly all entities...more

Walkers

Navigating DORA: Key compliance steps from 17 January 2025

Walkers on

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....more

Skadden, Arps, Slate, Meagher & Flom LLP

Countdown to DORA – Four Takeaway Points From Regulators’ December Statements

The EU’s Digital Operational Resilience Act (DORA) becomes binding on 17 January 2025. As the compliance deadline approaches, EU financial regulators (ESAs) have issued a flurry of statements on the act, including: - An...more

King & Spalding

EU DORA: Are you in scope, and if so, how can you prepare?

King & Spalding on

The Digital Operational Resilience Act (DORA) establishes a harmonised and comprehensive framework for information and communication technology (ICT) risk management in the financial sector. It is a directly applicable EU...more

Morrison & Foerster LLP

DORA Demystified: Dispelling 5 Myths for ICT Service Providers

The EU’s Digital Operational Resilience Act (DORA) comes into force from 17 January 2025. Under DORA, in-scope regulated financial services (FS) businesses operating in the EU (Firms) face new cybersecurity requirements and...more

Pillsbury Winthrop Shaw Pittman LLP

Upcoming EU Rules on Digital Operational Resilience

There will be additional compliance obligations and mandatory contractual provisions introduced for financial entities and outsourced IT service providers. The new DORA seeks to strengthen the resilience of financial...more

Mitratech Holdings, Inc

[Webinar] Expert Perspectives: Implementing DORA, Mastering the Challenges and Opportunities - May 17th, 9:00 am ET

DORA is set to transform how European based Financial Institutions enhance the operational resilience of their critical business processes. With an implementation date of 17th January 2025 the evolving nature of the...more

Hogan Lovells

Operational resilience regulatory framework in Europe

Hogan Lovells on

In recent years, operational resilience has come under the spotlight of financial regulators globally, leading to a proliferation of new regulation. The sheer number of publications on this topic can be confusing for...more

White & Case LLP

A Few Words on DORA – Proposal for Regulation on Digital Operational Resilience in Financial Sector

White & Case LLP on

The financial sector is greatly dependent on information and communication technologies (ICT). The importance of ensuring remote access to financial services increased to an even greater extent during the COVID-19 pandemic,...more

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