On Wednesday 1 December, the European Parliament’s Economic Affairs Committee adopted its negotiating position with the Council of the European Union on the proposed ‘DORA’ regulation, which aims to prevent and mitigate cyber risks to the financial sector.
The regulation sets out obligations for financial entities (banks, investment firms, crypto-asset providers, audit firms) to be able to detect and withstand all types of information and communication technology (ICT) risks. At the...