DORA
DORA (Digital Operational Resilience Act) is an EU regulation that mandates financial institutions establish robust frameworks to manage operational risks, including those from third-party technology providers and cybersecurity threats. The regulation applies to banks, insurance companies, and other regulated financial entities across Europe, requiring them to implement comprehensive incident reporting, testing, and monitoring protocols. For enterprise AI governance, DORA is critical because it extends operational resilience requirements to AI systems and algorithmic decision-making used in financial services, making compliance essential for any organization deploying AI in regulated financial contexts.
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