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Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

Increasingly, financial services supervisory authorities are seeking to ensure that the third parties that are supporting a firm’s important business services meet all resilience requirements. The DORA broadens the oversight framework to include information sharing, better audit access, and guidance on retrospective analysis.

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The Digital Operational Resilience Act is Finalized – Now is the Time to Act

Fusion Risk Management

I t is expected to be finalized in the October 2022 European Parliament plenary session and ha s an aggressive timetable of implementation and final compliance by Q4 2024. . Financial institutions and their supervisory authorities will help to define a critical TSP by undergoing a risk assessment. Defining a Critical ICT.