Industry associations say ECB cloud guidelines clash with EU’s Dora
Responses from industry participants on the European Central Bank’s guidelines are expected in the coming weeks.
Some industry associations have raised concern that the European Central Bank’s cloud outsourcing guidelines—published in June—run counter to the requirements in the EU’s Digital Operational Resilience Act (Dora), a cybersecurity regulation introduced in 2023 to target the risks posed by third-party software use in the financial sector.
The guide is the ECB’s interpretation of two EU legal acts on technology outsourcing: Dora and Article 74 of the Capital Requirements Directive (CRD), which
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