Governance, Risk & Compliance: GRC
Watch EU DORA: Widening the Risk Lens Beyond Compliance Webinar
Partner at Solutional responsible for Internal Audit services within the Asset Management industry
Martin StraversClient expectations, open banking and the pandemic forced banks to adapt by digitising and extending their offering. These developments have contributed to a stark increase in cyber attacks and operational incidents affecting clients. Consequently, the European Commission (EC) has deemed inadequate operational resilience to be a systemic risk, due to its potential impact on the broad EU financial system. A regulatory response soon followed with the EC drafting the Digital Operational Resilience Act (EU DORA) to make Information and Communications Technologies (ICT) operations in the financial industry more resilient.
Since any financial institution with an entity in the EU would be in scope of the eventual regulation, now is a good time to prepare for the GRC stipulations and widen the risk lens beyond regulatory compliance.
Watch our webinar EU DORA: Widening the Risk Lens Beyond Compliance featuring legal expert Armin Hendrich and Martin Stravers, Partner at Solutional, along with Chika Okoli, GRC Business Development Manager at SAI360. Together they outline DORA and its operational risk management implications.
The panel cover the following:
- Background on EU DORA and comparison to similar mandates in the UK and Switzerland
- Regtech Spotlight: Complying with DORA and widening the risk lens
- Q&A with the audience on operational risk and resilience management