Financial Regulatory News
Financial Regulatory News

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EU

The DORA Deadline – How to prepare, and how to use legal AI for DORA contract review

Financial Services (FS) firms need to comply with the EU’s new Digital Operational Resilience Regulation (DORA) until January 17, 2025. Compliance isn’t optional, it’s the law.

In this webinar, we speak with experts from international law firm McDermott Will & Emery on what DORA means for clients and how to leverage legal AI for contract review and remediation.

Join this webinar to learn:

  • What DORA is and who it applies to
  • What Financial Services firms need to do before January 2025
  • What contract review and remediation work needs to be done
  • How McDermott uses legal AI with BRYTER Extract [...]

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DORA Check

Digital threats and cyberattacks are increasing every year. In 2023, digital threats caused damages of more than €200 billion in Germany, of which 72% resulted from cyberattacks (source: Bitkom, study on economic protection 2023). To counter the threat to the system-critical financial sector, the EU has decided to implement a uniform, high level of security. The  Digital Operational Resilience Act (DORA)  is the answer.

The regulation on digital operational resilience is intended to reduce the risks arising from the ever-increasing dependence on information and communication technology in the financial sector. In particular, DORA is expected to reduce the risk [...]

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Understanding the regulatory landscape for crypto-assets in Germany and the EU

Currently, you can read summaries and briefings about the new crypto asset market regulation (“MiCAR”) everywhere. Certainly MiCAR has the potential to give the EU crypto market a huge boost. From what we have seen so far, regulation for new business models, especially in the fintech market, is not as bad as everyone has assumed so far.

Renate Prinz puts the developments in FinExtra in perspective. Click here for the [...]

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