Big questions remain over Dora’s critical third parties

Industry looks for clarity on critical third parties ahead of July 17 regulatory technical standards for the EU’s Digital Operational Resilience Act.

Financial institutions across Europe are determining which third-party vendors underpin their most critical operations as a part of the EU’s milestone Digital Operational Resilience Act, which takes effect next January.

The second batch of the Dora regulatory technical standards (RTS) is due to be released on July 17, and industry participants are hoping it sheds more light on which third-party vendors will be designated as critical, both at the individual bank level, and at the industry level.

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