The Digital Operational Resilience Act (DORA) - new EU law, new game for using third-party providers?
The DORA initiative by the European Commission puts forward new and updated requirements for the financial sector to engage with third-party providers, aiming for more resilience and security. The upcoming law will have impact on the access to innovation for banks and obligations (e.g. governance). For the first time, DORA introduces a dedicated oversight framework for critical third-party providers directly. The presentation will highlight key content of the law, its legislative negotiations in Brussels and European banks' take on it.