DORA operational resilience
Talk to IGXDORA obligations span ICT risk, incident management, testing, third parties and business operations. The mandate becomes urgent when an audit, regulatory change, incident or assurance request requires the organisation to prove how an obligation operates in practice.
Critical functions and their supporting dependencies traced in one evidence-backed model give supervisors and boards a chain they can follow, from obligation to retained evidence.
DORA asks financial entities to withstand, respond to and recover from ICT disruption, including governance of ICT third-party dependencies. A connected model makes that a continuous capability rather than an annual exercise.
Connect critical functions, ICT assets, third parties, controls, incidents and testing. Change and assurance are managed as connected operational work, with accountable remediation and evidence available by design.
- More complete registers, clearer resilience gaps and faster supervisory evidence assembly
- Faster regulatory impact assessment
- Earlier detection of control and evidence gaps
- Reduced audit and inspection preparation
- Defensible traceability from duty to execution
The EBA states that in-scope financial entities must maintain comprehensive registers of ICT third-party contractual arrangements.
European Banking Authority: DORA Registers of Information
DORA requires financial entities to maintain a sound, comprehensive and documented ICT risk-management framework and addresses incident management, testing and ICT third-party risk.
EUR-Lex: Regulation (EU) 2022/2554