AWS for Industries
AWS responds to European Supervisory Authorities’ second consultation on technical standards under the Digital Operational Resilience Act (DORA)
In October 2023, we briefed customers on our submission to the public consultation on the first batch of regulatory technical standards (RTSs) made under DORA. As part of our continuing engagement with regulatory authorities on the finalization of DORA, including the European Supervisory Authorities (ESAs) and National Competent Authorities (NCAs), we submitted our response to […]
AWS responds to European Supervisory Authorities’ Consultation on Technical Standards under the Digital Operational Resilience Act (DORA)
If you have been following the regulatory agenda related to operational resilience, outsourcing and cloud in financial services, you know the EU is now entering the second phase of its policy-making process. With the Regulation on Digital Operational Resilience Act (DORA) published in the official journal back in December 2022, the focus has shifted to […]
AWS’s views on HM Treasury’s Policy Statement on Third-Party Providers
On June 8th, Her Majesty’s Treasury (HMT) published a “Policy statement on Critical Third Parties (CTPs) to the finance sector”. In it, HMT sets out plans to designate certain third-party providers, including cloud service providers, as ‘critical’ to the UK financial system. The policy statement details HMT’s proposal for increasing financial stability and market confidence […]
A Political Agreement on DORA has been Reached: What it Means for the EU Financial Services Sector
Maria E. Tsani Head of Financial Services Public Policy & Regulatory Affairs EMEA at Amazon Web Services (AWS) On 10 May the European Council, Commission and Parliament announced a provisional political agreement on the Digital Operational Resilience Act (DORA). This agreement will set the foundation for a harmonized pan-EU framework on operational resilience, which AWS […]
What AWS customers need to know about DORA and the UK financial regulators’ approach to outsourcing: the plan to optimize resiliency and innovation for the financial services sector
The emerging regulatory landscape in Europe and the UK The European Commission’s proposal for a Digital Operational Resilience Act (DORA) will introduce new regulatory requirements that will impact how financial services institutions in the EU work with cloud providers and other third parties. In parallel, the Bank of England (BoE), the Prudential Regulatory Authority (PRA) […]

