Ravi Khokhar
Ravi Khokhar
Global Head of Cloud for Financial Services Capgemini
Introduced by the European Commission , DORA is aimed at bolstering the financial resilience of the sector in the European Union ( EU ). The act presents a response to the 2008 financial crisis , where the EU adopted measures to strengthen capital resources and liquidity while reducing market and credit risks .
DORA became fully effective in 2025 to broaden the focus on operational risk management and to ensure that infrastructure and software resilience were integral components for financial institutions and critical information and communication technology ( ICT ) providers operating within the EU .
Simply put , it required organisations to conduct comprehensive risk assessments and predict potential problems in their system , plus report any incidents that did happen so that they could be tracked , controlled , and stopped from occurring again .
It was important to highlight that DORA is a binding regulation applying directly to all EU Member States eliminating the need for transposition into national law and the complexities associated with national alternatives and discretions .
The hope for this cross-industry supervisory approach to compliance is its ability to prevent illegal activities and disruptions to digital services , ultimately safeguarding society and the economy .
DORA IS A BINDING REGULATION APPLYING DIRECTLY TO ALL EU MEMBER STATES ELIMINATING THE NEED FOR TRANSPOSITION INTO NATIONAL LAW
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