The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
The course aims to provide a deep dive into the critical legislative package associated with the Digital Operational Resilience Act (DORA), which has recently come into force, and is designed to addresses a key risk factor in the EU digital space: cyberattacks and ICT disruptions in the EU financial sector. These risks have been a concern for Europe’s bank and securities regulators for many years, notably the ECB, the EBA and ESMA.
This long overdue piece of legislation now consolidates a patchwork of existing sectoral rules on ICT risk management, incident handling and resilience testing. Critically, and core to the thrust of DORA, is the explicit recognition on the reliance by financial services entities on third party ICT service providers. Oversight of 3rd party ICT service providers will fall to the ESA’s (EBA, ESMA and EIOPA).
ESMA is also currently drafting technical standards, following DORA’s entry into force on 16 January 2023, with application scheduled for 17th January 2025.
An overview of the complex nature of the EU legislative process and the key EU Institutions involved in the development of the DORA regulatory text will be examined during the course, covering:
The course offers the opportunity to:
More specifically, by the end of the course participants will:
– Background on DORA legislative packages
– Outline of uniform requirements concerning the security of network and information systems supporting the business processes of financial entities:
A. requirements applicable to financial entities in relation to:
B. requirements in relation to the contractual arrangements concluded between ICT third-party service providers and financial entities
– DORA application framework vis-à-vis critical third parties which provide ICT-related services to financial entities in terms of digital operational resilience, requiring all firms ensuring that they can withstand, respond to and recover from all types of ICT-related disruptions and threats.
– A review of the critical third-country ICT service provider rules vis-à-vis provision of services to financial entities in the EU (required to establish a subsidiary within the EU so that oversight can be assured)
– A review of the DORA oversight framework, which provides for an additional joint oversight network to l strengthen the coordination between the European supervisory authorities (ESAs) on this cross-sectoral topic
Who Should Attend
The course is addressed to:
The programme is designed to deliver high-level knowledge and insights into the EU financial services regulatory agenda and developments. It will strive to enhance participants’ skills and knowledge via power-point presentations and practical examples.
The training style is both training-focused, involving a combination of presentation and real-live examples, but also learner-focused, where participants are encouraged to share their experiences, raise questions, seek clarifications and share their opinions from their different perspectives.
This programme may be approved for up to 5 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
HRDA-approved seminars are exempted from VAT for eligible organisations applying for the HRDA subsidy. A 19% VAT will apply to seminars and participants who do not qualify for the HRDA subsidy.
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Day 1: July 06, 2023 | 09:00-15:00
Start time: 09:00 EET
End time: 15:00 EET
Venue: Live Online
Coordinates: 5 | Duration: 5 hrs
Directions: <a href="https://eimf.eu/event-organizer/david-doyle/">David Doyle (view the trainer's bio here)</a>
Email: [email protected]