The Digital Operational Resilience Act (DORA)

Financial institutions are required to follow the same principles-based approach and rules in managing ICT risks, taking into account their size and risk profile as well as nature, scope and complexity of their services, activities and operations.

Our Fintech team has outlined the key elements of the DORA framework, which aims to guide directors and senior managers of any financial institution in organising and maintaining technology governance as an integral part of corporate governance.

Bird & Bird can play a key role in helping banks, asset managers, insurance companies and other financial intermediaries implement DORA requirements, including assisting them in contracting outsourced ICT services and designing internal control and compliance processes. 

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