News and developments
DORA voluntary dry run exercise to ensure preparedness ahead of it becoming applicable
This exercise, to be held over the latter half of 2024, is strategically designed to assist financial entities in familiarizing themselves with the requirements of DORA and to ensure they are well-prepared for its full implementation when it becomes applicable, that is 17 January 2025.
The DORA voluntary dry run exercise aims to provide financial entities with a proactive approach to assess their operational risk management practices. By participating in this exercise, financial entities can:
Authors: James Debono, Neil Zahra
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- gain valuable insights into the potential impact of DORA on their operations;
- test their readiness and capabilities in implementing; and
- identify any gaps or challenges that may require further attention or improvement.
Authors: James Debono, Neil Zahra