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Telco found to be unprepared for disruption, with human error compounding systems failure that lasted over 10 hours.
The RTSs focus on ICT-incident reporting, ICT risk management and contractual relationships with third-parties supporting critical or important functions
How mandatory contract provisions under DORA map to existing regulatory regimes in respect of outsourcing arrangements and highlighting some of the gaps.
Ashurst Partner Bradley Rice addressed some of the key practical challenges of DORA at Global Relay’s gathering of compliance professionals.
An interdisciplinary approach between firms and their service providers is crucial to successfully “tame” DORA says PJ Di Giammarino of JWG.
Covering application of the Guide; overview of the ECB’s supervisory expectations, including governance of cloud services and BCPs; and the DORA timetable.
Our plain English summary explains the annual fee will be calculated on the basis of oversight costs and third-party turnover connected to services provided to financial entities.
It implements the specific assessment approach to be used by supervisory authorities and outlines fees payable by vendors designated as critical.