Blog

Operational resilience for financial and tech sectors encompasses DORA, NIS2, GDPR and Basel III mandates, integrating ICT risk governance, incident notification, threat-led testing, third-party controls and GRC automation to uphold critical service continuity and regulatory compliance.

Embracing the digital era, the CFTC is championing a symbiotic blend of blockchain and AI to bolster investor protection. As blockchain promises unparalleled transparency in transactions, the integration of KYC and AML into DeFi platforms aims to deter illicit activities.

DORA's proposed revisions raise concerns in the EU's financial sector. While aiming for enhanced transparency and digital resilience, the "one size fits all" approach might burden smaller entities. Industry feedback, such as EFAMA's, highlights challenges like unnecessary data retention.

2023's banking upheaval highlighted systemic vulnerabilities, prompting GHOS's renewed focus on Basel III. This regulatory framework, pivotal since the GFC, now emerges as a dynamic tool for modern challenges.

DORA, the EU's latest initiative against cyber threats, heralds a transformative phase for insurance and reinsurance sectors. As the 2025 compliance deadline nears, entities must adapt to ICT standards, foster collaborations, and champion clarity in regulations.