Strategies for global operational resilience: Adapting to Dora and incoming regulatory requirements

In today’s fast-paced financial environment, the ability to withstand and recover from disruptions is more crucial than ever. The rise in cyber attacks and ransomware, along with an intensified focus on reducing operational risks, has driven regulators and market participants to enforce stringent new measures.

A key development in this area is the Digital Operational Resilience Act (Dora), which is transforming risk management practices, particularly in Europe. As the industry adjusts to these new standards, it is vital to continuously assess and understand emerging threats that could jeopardize financial stability. Organizations must prioritize rigorous testing and adopt preventative measures to manage disruptions, ensuring the ongoing stability and security of the financial system.

This webinar explores best practices for enhancing operational resilience within financial institutions.

Key discussion points:

• The key vulnerabilities that have been exposed by recent cyber attacks, and how they emphasize the need for more robust operational resilience strategies
• How Dora contributes to managing op risks in banks and financial institutions
• The challenges and opportunities financial institutions face as they adapt to the new operational resilience requirements
• The potential financial costs associated with operational disruptions, and how institutions can prepare to manage these expenses
• How should organizations balance the benefits of technological advancements with the risks they pose to operational stability?

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