The European Parliament has started work on the Digital Operational Resilience Act (DORA), presented by the European Commission in September (see EUROPE B12567A4).
In his draft report published on 17 March, MEP Billy Kelleher (Renew Europe, Ireland), argues for a framework that is proportionate to the risks and does not discourage the further digitisation of financial services in the EU.
The proposed law aims to increase and test the risk management capabilities of financial actors,...