Critical InfrastructureRegulation

DORA

Regulation (EU) 2022/2554 - Digital Operational Resilience Act

Regulation (EU) 2022/2554, known as DORA, establishes a unified framework for digital operational resilience in the European Union's financial sector. It aims to ensure financial entities can withstand, recover, and adapt to ICT-related disruptions while safeguarding the stability and integrity of the financial system.

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Overview

DORA introduces consistent rules across EU member states to address ICT risks, enhance oversight of third-party ICT service providers, streamline incident reporting, and ensure operational resilience testing in the financial sector. It highlights the critical role of ICT in financial systems and seeks to close gaps in regulation while addressing disparities that hinder market function. DORA complements the Single Rulebook by integrating ICT risk management requirements and strengthens mandates for supervisory authorities to oversee the implementation of its provisions.

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