Racheal Muldoon and Hasan Almosoy write for Finextra on the day of the DORA deadline
Today is the deadline for fintech firms to ensure that existing measures sufficiently hold up to the new standards imposed by the EU's Digital Operational Resilience Act (DORA).
DORA aims to bolster the resilience of financial institutions against information and communication technology (ICT) related incidents, raising the bar for operational resilience and cyber security.
Racheal Muldoon, Partner, and Hasan Almosoy, Associate, both in our Financial Services Regulation & Funds team, give advice to financial businesses on deadline day in an article for Finextra.
In the piece, they explore the key aspects of DORA, the minimum regulatory requirements firms must now meet, and the necessity for compliance.
Racheal and Hasan conclude the article by writing:
By prioritising key compliance initiatives and seeking advice, fintech firms can strengthen their operational resilience and ensure robust adherence to the new regulatory standards. From today, partial compliance will not suffice.
Read the full article in Finextra here.
