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ECB Annual Report 2020

ECB Annual Report 2020
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European Supervisory Authorities publish joint letter on the EU s proposed regulation for a digital operational resilience act (DORA) | Dentons

On February 9, 2021, the European Securities and Markets Authority ( ESMA), the European Banking Authority ( EBA) and the European Insurance and Occupational Pensions Authority ( EIOPA) (collectively the ESAs) published a joint letter 1 on streamlining the governance and oversight concepts in DORA. The joint letter was sent to the EU’s legislative policymaking stakeholders on the DORA proposal 2 and is likely to influence further detailed rulemaking and the direction DORA takes In summary, DORA, as an EU Regulation, aims to establish a comprehensive and cross-sectoral EU-27 digital operational resilience framework with rules for all regulated financial institutions. DORA’s requirements go well beyond the Network Information Systems Directive (

Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

Hearing at the Committee on Economic and Monetary Affairs of the European Parliament Introductory statement by Frank Elderson, Member of the Executive Board of the ECB, at the ECON Committee of the European Parliament Brussels, 25 January 2021 Ladies and gentlemen, Introduction It is a great honour for me to appear again before your Committee, this time in order for you to assess my suitability for the role of Vice-Chair of the Supervisory Board of the ECB. The European Parliament’s role in this process reflects the highest principles of democracy and accountability. Interactions such as this are of great value to European citizens, given the expertise in supervisory topics acquired by this Committee since the establishment of ECB Banking Supervision.

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