Digital Operational Resilience Act (DORA)

Recorded On: 07/24/2024

The Digital Operational Resilience Act (DORA) is a legislative framework in the European Union designed to ensure that financial entities are capable of withstanding, responding to, and recovering from all types of Information and Communication Technology related disruptions and threats. It encompasses end-to-end enterprise risk management with a focus on operational and IT risks of the entities in scope and aims to harmonize and strengthen the IT security requirements across the EU financial sector.

Learning Outcomes:

Why DORA is essential for the financial industry and its broader implications for digital security.

The main areas covered by DORA: ICT risk management, incident reporting, and third-party risk management.

The impact of DORA on various stakeholders, including financial institutions, customers, and third-party service providers.

This content is beneficial to:
-- US-based financial institutions doing business in or with the European Union
-- Professionals within the global asset and wealth management industry focused on Legal Compliance, Risk Management, Data Science / Data Protection, Fraud Prevention, IT, and Operations.

This program is sponsored by:

CPE INFORMATION:

Nicsa is pleased to offer this webinar learning activity to attendees who are seeking CPE credits. 1 CPE unit may be available for attendees of this webinar. The webinar requires no advanced preparation, no pre-requisite study and is appropriate for all who have a basic understanding of the investment management industry.

Nicsa is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

CPEs Earned: 1

CPE Field of Study: Regulatory Ethics

Program Level: Basic

Delivery Method: Group-Internet Based

Advanced Preparation: None

CANCELLATIONS AND REFUNDS: Due to this program being offered free of charge, there will be no refunds issued. Questions or Cancellations: Please contact Lilly Bahmani at info@nicsa.org

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Henning Schwabe (Moderator)

Partner

Arendt & Medernach

Henning Schwabe is a Partner in the Investment Management practice of Arendt & Medernach where he specializes in investment fund law, advising both national and international clients in particular on the regulatory, corporate and organizational aspects of the structuring, creation and marketing of investment funds and investment companies. He advises clients on a wide range of traditional investment funds (UCITS) and alternative investment funds as well as on the legal aspects of complex investment strategies, derivatives and risk management.

Education

Henning Schwabe studied law in Cologne (Germany) and Paris (France). He holds the German first and second state exam in law as well as a maîtrise en droit from the Université Paris I Panthéon-Sorbonne.

He has been a member of the Düsseldorf Bar (Germany) since 2000 as well as of the Luxembourg Bar since 2009.

Memberships

He is actively involved within the Association of the Luxembourg Fund Industry (ALFI) in the ALFI Risk Committee and its various sub-working groups.

Co-chairman of the ALFI Cybersecurity Communications, ALFI Digital Finance Strategy and of the ALFI EMIR / OTC Derivatives working groups. He is board member of the Luxembourg Association for Risk Management (ALRiM).

He is board member of the Luxembourg Association for Risk Management (ALRiM).

Kathrin Moules

Deputy Head of Department

CSSF

Kathrin Moules is deputy head of the department responsible for supervision of Information Systems and Support PFS at the CSSF, in charge of the division of supervision of Information Systems of entities supervised by the CSSF. Prior to joining the CSSF in 2012, Kathrin worked for 12 years within international audit firms in Luxembourg and Frankfurt where she developed and performed IT and internal controls audits and reviews for Banks, PFS and Fund Managers, as well as industrial companies. She represents the CSSF in the European Central Bank’s Single Supervisory Mechanisms Network on IT Risk. Kathrin is CISA and CRISC certified and holds a Bachelor of Science in International Business Studies from the University of the West of England.