What challenges are firms facing in light of the recent DORA deadline? Though the implementation deadline for the Digital Operational Resilience Act (DORA) has passed, many financial institutions are still unprepared for the demands of its operational resilience and ICT risk management requirements. Partner Tim Wright highlights the challenges for firms and the potential repercussions for non-compliance with Solicitors Journal: “Smaller firms in particular face greater challenges due to resource constraints and the complexity of DORA's 500-plus requirements, as well as having to deal with a wide range of third-party service providers.” You can read Tim’s full comments here: https://lnkd.in/dsdVu5aM
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Partner and Head of Corporate at Fladgate LLP
2moYou had me at "mega fines".