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NLJ this week: The impact of DORA on financial services

© Copyright LexisNexis 2025. All Rights Reserved.
10 January 2025
Issue: 8099 / Categories: Legal News , Financial services litigation , Cybercrime , Technology , Commercial
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202997
The EU Digital Operational Resilience Act (DORA) is due to be implemented this month. Writing in this week’s NLJ, Charles Maurice, partner, and Brigitte Simpson, associate, Stevens & Bolton, look at the implications for the financial services sector.

As Maurice and Simpson explain, DORA ‘is designed to address risks posed to the financial services sector by technological disruptions and digital threats, such as cybersecurity incidents’.

They set out the obligations it will impose on financial services businesses, including their outsourcing arrangements. Moreover, ‘DORA’s jurisdictional reach may directly include some UK-based organisations’. 
Issue: 8099 / Categories: Legal News , Financial services litigation , Cybercrime , Technology , Commercial
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