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The cyber resilience challenge
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Remarks Before The European Parliament Committee On Economic And Monetary Affairs, SEC Chair Gary Gensler, Washington D C , Sept 1, 2021
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EACH Publishes A Note On The European Commissionâs Proposal On Digital Operational Resilience (DORA) Date
17/12/2020
The European Association of CCP Clearing Houses (EACH) published today an EACH Note outlining our position on the
European Commission’s proposal on
Digital Operational Resilience for the financial sector (DORA). EACH welcomes the European Commission’s proposal’s aim to further harmonize operational resilience rules and extend them to other financial entities and third-party providers. We particularly appreciate the broad principles established in this proposal including those of proportionality and
lex specialis, as well as the European Commission’s intention to streamline reporting requirements and avoid overlaps. Overall, we find that the present proposal strikes the right balance between the necessity to preserve financial stability and financial innovation, and have made some further suggestions to support this goal.
MIL-OSI Economics: Keeping cyber risk at bay: our individual and joint responsibility
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