A deep dive on DORA’s RTS on the use of ICT third-party service providers

In an era where digital technology is at the heart of financial services, the European Supervisory Authorities (ESAs) have introduced the Digital Operational Resilience Act (DORA), a groundbreaking regulatory framework aimed at fortifying the operational resilience of financial entities. The Draft Regulatory Technical Standards (RTS), as mandated by Regulation (EU) 2022/2554, lays down a comprehensive set of guidelines for managing cyber risks associated with Information and Communication Technology (ICT) third-party service providers. This comprehensive blog post seeks to decode the essence of the RTS, offering a clear understanding of its implications for financial institutions.