Past Event

Dealing with DORA – How the EU Regulates ICT Risks for Financial Companies

Wed. May 17, 2023 08:30 am - 10:30 am !Bank of Ireland NYC Hub New York, NY 10017

DORA is the EU’s Digital Operational Resilience Act, which entered into force on January 2023 and will be applicable as of January 2025. Part of the EU’s Digital Finance Strategy, it is intended to strengthen the operational resilience of regulated financial companies. DORA will also introduce direct oversight by EU financial regulators of critical ICT service providers to the financial sector. Our panel of experts will explain the EU initiative and its relevance for firms doing business in and with Europe. They will also compare DORA with corresponding U.S. initiatives.

 Who should attend?
Representatives of U.S. and E.U. financial services providers, consultants and advisers to the U.S. and E.U. financial sectors.

What will be discussed?
• Relationship between DORA and the EU’s wider Digital Finance Strategy
• Assessing the practical impact of DORA’s new requirements
• Global reach of DORA – how will the requirements affect companies outside of the EU?
• Contracting with EU financial companies under DORA – managing the burden of enhanced third-party risk management requirements
• Direct oversight of ICT providers by EU financial supervisors – how will it work in practice?
• Operational resilience regulations in the U.S. – is greater alignment between EU and U.S. regulatory approaches needed?
• A look ahead: Will DORA promote or challenge innovation? 

SPEAKERS:
• Alex Draaisma, Associate, NAUTADUTILH
• Liam Flynn, Partner, MASON HAYES & CURRAN
• Antoine Begasse, EU Finance Counsellor, DELEGATION of the EU to the US

TIME:
8:30 – 9:00 AM Check-in | 9:00 – 10:00 AM Program | 10:00 – 10:30 AM Networking

REGISTRATION FEE:
EACCNY Members: Free
EACCNY non-Members: Free

COVID PROTOCOL:
Proof of Covid-19 vaccination is required to attend.