Europe’s financial sector is undergoing a profound transformation: with the DORA Regulation and the NIS2 Directive, the European Union has introduced two key legislative acts that fundamentally reshape the digital resilience of financial institutions and critical infrastructures. DORA focuses on the digital operational resilience of the financial sector and, for the first time, establishes direct oversight of critical ICT service providers by the European Supervisory Authorities. In parallel, NIS2 expands the European cybersecurity framework to 18 sectors and introduces cross-sector minimum standards.
The article, published in BKR – Journal of Banking and Capital Markets Law, analyzes initial practical experiences with DORA and NIS2, the new supervisory structures, and the many interfaces between the two frameworks.
Read the full article here (German).
