The European Parliament has supported the Digital operational resilience act (DORA). This European Council’s legislative act aims to strengthen regulations regarding ICT and cyber resilience at financial services firms. It is one of several EU cybersecurity laws and initiatives that are currently finalised as part of broader efforts to shape the EU’s digital strategy.
Technical standards and guidelines detailing requirements will be drafted and adopted throughout 2023 and 2024, with varying deadlines.
As a reminder, the ABBL was instrumental with regard to the question of proportionality in DORA, achieving that smaller players are not subject to the same burdens and constraints as larger players.
In this context, the ABBL is relaunching its Task Force "DORA" to proceed with monitoring and advocacy on the subject. This Task Force will report to ABBL's Working Group Trust and Cybersecurity.
Should you wish to take part in the Task Force, please send an email to ABBL Secretariat (firstname.lastname@example.org) with your name, position and expectations/questions for the TF.
For more information:
- https://www.europarl.europa.eu/doceo/document/PV-9-2022-11-10-RCV_FR.pdf (cf. 556-18-38 vote, page 15)
- https://abbl.lu/en/professionals/members/document/101713/2022-11-10-dora-final-vote-at-the-european-parliament-en (ABBL members only)
- Ananda Kautz
Head of Innovation, Digital Banking & Payments - Member of the Management Board
- Andrey Martovoy
Adviser - Innovation & Digital