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How to Prepare for the Digital Operational Resilience Act (DORA)

Whitepaper

Discover how to be prepared for DORA.

About the Whitepaper

Our latest whitepaper is a comprehensive guide which outlines how financial services companies can prepare for the incoming Digital Operational Resilience Act (DORA).

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Key learnings & takeaways

The whitepaper explores DORA in detail, and includes:

  • An introduction to the broad scope of, and rationale behind, DORA, as well as the timelines for implementation;

  • An exploration of the central requirement of DORA: the creation of a risk management framework for digital risk;

  • An examination of the contract remediation workstream that will be required, and;

  • A review of the impact of DORA on the technology companies that supply ICT service to financial entities.

A number of requirements in DORA will be familiar to financial entities and some will stand as effective compliance with DORA. Others bear a similarity which is more helpful than conclusive, requiring further steps to be taken before a requirement currently being met satisfies the requirements of DORA.

This variance likely requires a gap analysis if the aim is to map the new regulations with the current ones, but this will potentially require significant effort.

An initial review should consider two questions as a first step in determining whether existing regulations can form the basis of DORA compliance:

  1. Subject matter: Is the subject matter of the current regulations sufficiently similar to DORA?

  2. Scope: Is the scope of the current regulations sufficiently similar to DORA?

VP Marketing & People Ops

Caroline Kelly

Formerly of Teneo where she was Managing Director for Digital, Caroline is an award-winning brand leader and authority on the marketing ecosystem defining business today. Caroline also leads the People Ops function having led large, high performing teams in the past.

About the Authors

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