Exploring DORA – the Digital Operational Resilience Act

• Year: 2023

Speaker

Ruxandra-Gabriela Adam is Legal and Policy Officer at the European Commission in the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA). She works in the Digital Finance unit of DG FISMA focussing on the digital operational resilience of the financial sector.

She has worked since 2011 in different services of the European Commission notably on preparing a new prudential regime for investment firms, on consumer contract law, on legal aspects of the digital economy, as well on enforcement policy and infringement cases in the single market. She has previously worked at the Court of Justice of the European Union until 2011, and in the Ministry of European Integration, preparing the accession of Romania (2001-2008).

Topic

The e-presentation aims to provide a comprehensive understanding of the Digital Operational Resilience Act (DORA), delving into its background and analyzing its scope. DORA is a significant legislative initiative introduced by the European Commission to enhance the operational resilience of the digital sector within the European Union. By exploring the context and extent of DORA, this presentation sheds light on its purpose and implications for digital service providers.

The background of DORA is rooted in the growing importance of digital services and the need to ensure their uninterrupted availability, reliability, and security. As digitalization continues to transform various sectors of the economy, including finance, healthcare, transportation, and communication, the reliance on digital services has become increasingly critical. Consequently, the European Commission recognizes the necessity to establish a robust regulatory framework to address potential risks and threats that may disrupt digital services and the broader economy.

DORA's scope encompasses a wide range of digital service providers operating within the European Union. It includes not only traditional financial institutions such as banks and insurance companies but also payment service providers, crypto-asset service providers, digital marketplaces, cloud service providers, and search engines, among others. By...