News & Analysis as of

Digital Operational Resilience Act (DORA) Risk Management Financial Regulatory Reform

A&O Shearman

European Banking Authority publishes amending guidelines on ICT and security risk management in the context of DORA

A&O Shearman on

The European Banking Authority (EBA) has published a final report with amending guidelines in respect of Guidelines EBA/GL/2019/04 on ICT and security risk management. The EBA reviewed the Guidelines in light of the Digital...more

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

A&O Shearman

Eurozone Single Resolution Board publishes revised guidance on operational continuity in resolution

A&O Shearman on

The Single Resolution Board has published a revised version of the operational guidance on operational continuity in resolution. The guidance provides further clarifications to banks on how to implement SRB expectations for...more

Hogan Lovells

European Commission confirms that financial services are not ICT services for DORA purposes

Hogan Lovells on

Firms involved in implementing changes to comply with new rules under the EU Digital Operational Resilience Act (DORA) have questioned whether financial services provided by other regulated firms may fall within the...more

A&O Shearman

Regulatory monitoring - December 2024

A&O Shearman on

1. Bank regulation - 1.1 PRUDENTIAL REGULATION - a) General - (i) International - FSB: Plenary December 2024 - Status: Final - The FSB has set out the outcomes of its Plenary that met on 3 and 4 December. Points of...more

A&O Shearman

DORA: Get ready, get set, take action

A&O Shearman on

The Digital Operational Resilience Act 2022/2554 (DORA) is a European regulation that will come into force on January 17, 2025. The regulation aims to strengthen the digital operational resilience of the financial sector...more

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