November 3 2020
Comments on the European Commissions legislative draft "proposal for a regulation on digital operational resilience for the financial sector" (DORA)
As part of the "Digital Finance Package", the European Commission has presented a legislative proposal to improve the financial sector's resilience to ICT risks and cyber attacks. In the comment the German banking industry has made an initial assessment of this. The current legislative proposal goes far beyond the harmonisation approach initially planned by the European Commission.