Irish central banker acknowledges ‘valid’ criticism of Dora timeline
New digital resilience regulation criticised for not giving firms enough time to comply
Some criticism of the European Union’s Digital Operational Resilience Act (Dora) is valid, Gerry Cross, director of financial regulation at the Central Bank of Ireland, said on June 28.
Firms have said there is not enough time to implement the rules, which Cross said was a “valid concern”, before adding that the picture is “nuanced”. There is “merit” in a “committed journey by firms and supervisors from initial implementation and compliance to a richer, more fully achieved implementation over
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