The EU’s Digital Operational Resilience Act (DORA) aims to promote, improve and ensure operational resilience within the financial services sector. It comes into effect on 17 January 2025. Last month, six months into the two-year implementation period, the European Supervisory Authorities published a consultation package regarding the first batch of certain draft regulatory technical standards and draft implementing technical standards on certain aspects of DORA.
The EU’s Digital Operational Resilience Act aims to promote, improve and ensure operational resilience within the financial services sector. It requires financial institutions to comply with a number of obligations designed to ensure that their business lines remain operationally resilient against various risks. Being “operationally resilient” means being able to resist, recover from and adapt to adverse effects that can disrupt or prevent the provision of services.
Baker McKenzie’s TMT Looking Ahead 2022 five-part series explores key themes, offers timely insights, and lays out recommendations for technology, media and telecommunication companies looking to navigate the latest industry developments. Topics covered include tech regulation and compliance, tech M&A, interactive entertainment, 5G and TMT as the driver of change.
Baker McKenzie’s TMT Looking Ahead 2022 five-part series explores key themes, offers timely insights, and lays out recommendations for technology, media and telecommunication companies looking to navigate the latest industry developments. Topics covered include tech regulation and compliance, tech M&A, interactive entertainment, 5G and TMT as the driver of change.
Heightened geopolitical global activity can lead to an increase in cyber risk for businesses. “Grey zone” and “hybrid” are two terms relating to cyber attacks that are widely used at the moment. Both terms now typically relate to geopolitical activity; “grey zone” activity is activity by or attributed to a nation state actor which is between normal peacetime relations and traditional kinetic warfare. Hybrid is a reference to the fact that modern warfare is almost always a combination of traditional kinetic action and cyber (or other non-kinetic) activity.
Baker McKenzie’s TMT Looking Ahead 2022 five-part series explores key themes, offers timely insights, and lays out recommendations for technology, media and telecommunication companies looking to navigate the latest industry developments. Report 1 of the series explores how TMT companies can:
manage heightened regulatory activity and continued scrutiny of the industry; understand how regulators will shape new laws and share information on compliance and enforcement activities; get ahead of the curve in protecting IP in key areas of innovation, including autonomous vehicles, virtual and augmented reality, blockchain and digital health; and
navigate an increasingly complex regulatory enforcement environment following an increase in cyber attacks in 2021
This 30-minute webinar hosted by Baker McKenzie cyber experts Paul Glass in London and Cyrus Vance in New York, on Tuesday 22 February 2022, will discuss the cyber-related risks to businesses from this ever evolving situation related to Russia-Ukraine, and how they can prepare today to mitigate risks.
Financial crime remains at the top of the regulatory agenda across the globe. As responses to the pandemic stabilise, and following some high-profile global incidents, regulators face renewed pressure to manage financial crime more effectively through robust supervision and enforcement. In the October 2021 edition of the City Library’s Compliance Officer Bulletin, our business crime, regulatory and cybersecurity lawyers explore the latest developments in anti-money laundering and financial crime in a series of articles
Cybersecurity from compliance to crisis – With the ever-increasing threat of ransomware and other cybercrime, we offer a bird’s eye view of cybersecurity strategy focused on addressing risks, keeping up with regulatory and compliance issues, and managing a cyber crisis.
In our Deciphering Data Webinar Series, we provide a global perspective of what’s keeping executives awake at night with the world’s threat actors becoming seemingly more sophisticated every day, and give practical guidance on how to address these risks and concerns and prepare companies for challenges ahead.
In brief On 8 January 2020 the ICO published its draft Direct Marketing Code of Practice for public consultation, which is open until 4 March 2020. The code is intended to contain practical guidance on carrying out direct marketing, but is not meant to impose additional legal obligations which go…