Finance Monthly - September 2023

In a digital age where cybersecurity and operational resilience are paramount, the European framework known as DORA (Digital Operational Resilience Act) has emerged as a significant touchstone for financial markets. This act illuminates the pressing need for financial institutions to bolster their digital defences and streamline operations, particularly against the backdrop of increasing cyber threats and ICT disruptions. As we delve into this intricate framework, we sit down with Junaed Kabir, Partner and Managing Director of Parva Consulting, to uncover its profound implications, specifically for Luxembourg, a notable epicentre in the global funds industry. The insights provided shed light on the challenges ahead and highlight the potential opportunities for those ready to adapt and innovate. STRENGTHENING THE BACKBONE OF DIGITAL OPERATIONAL RESILIENCE ACT (DORA) Junaed Kabir Partner & Managing Director Parva Consulting MODERN FINANCIAL SYSTEMS Business 46 Finance Monthly.

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