‘We are at a critical juncture where ensuring our financial sector’s resilience is more important than ever’ – MBA’s Karol Gabarretta

In an announcement by the Malta Bankers' Association (MBA) about its upcoming webinar aimed at helping stakeholders prepare for the EU's newest digital operational resilience rules, MBA General Secretary Karol Gabarretta underscored the importance of safeguarding the financial sector's digital resilience within the current climate.

The MBA announced its upcoming webinar titled 'DORA - 4 months to go', scheduled for 17th September, exactly four months before the new EU regulation 'the Digital Operational Resilience Act (DORA), which comes into force on 17th January 2025.

Commenting on the importance of this webinar to stakeholders, Mr Gabarretta said:

“We are at a critical juncture where ensuring the financial sector's resilience is more important than ever. As an Association we believe it is essential to provide ongoing support to our members throughout the lifecycle of this regulation.

"This webinar is part of our commitment to assist the banking community and its stakeholders in understanding and implementing the requirements of DORA effectively.”

The webinar is specifically designed to prepare the relevant stakeholders for the application of DORA; while many stakeholders’ preparations are now well underway, this session will provide timely guidance as the regulation's implementation date approaches. Participants will gain in-depth critical insights into the regulatory expectations and practical steps necessary for compliance.

The webinar’s agenda will cover the following key topics:

• Understanding the origins and objectives of DORA
• Key milestones and deadlines you need to be aware of
• Potential risks and penalties for failing to comply with DORA
• Comprehensive overview of the core requirements under DORA
• Specific responsibilities and expectations for leadership roles
• Common obstacles and how to overcome them
• Expert advice for senior management, board members, and executives on ensuring compliance and enhancing resilience
• Questions and answers – an interactive session to address your specific queries

The webinar is being organised by the MBA in collaboration with Diligex and Thomas Murray. Experts Shreeji Doshi and William Rimington, distinguished cyber security and risk management specialists from Thomas Murray, will be spearheading the discussions.

Registration for the webinar is now open and available to all interested financial entities, ICT service providers, and other stakeholders in the financial ecosystem. Participants are encouraged to secure their spot early to benefit from this important discussion.

For further information and to register, click here.