EU’s Digital Operational Resilience Act (DORA): What It Means for Financial Entities
Compliance with the EU Digital Operational Resilience Act (DORA) 2023 commenced on January 17, 2025. DORA, which addresses a critical gap in the EU’s financial regulatory framework, aims to strengthen the digital operational resilience of financial entities. In an era where cyber threats have become more sophisticated and financial services increasingly digitized, the previously fragmented […]
EU’s Simplification Omnibus Proposal Aims to Enhance Business Competitiveness
On February 26, 2025, the European Commission unveiled the Simplification Omnibus, a comprehensive proposal designed to streamline regulatory requirements related to corporate sustainability reporting and supply chain transparency. The Simplification Omnibus amends the following Directives: This initiative seeks to boost Europe’s global competitiveness by reducing bureaucratic hurdles faced by businesses, potentially saving European companies approximately […]
