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Regulators urged to use Dora reporting to track systemic risk

Risk Live: Bankers and regulator say governance requirements for new rules are complex to implement

The Berlaymont building at the European Commission headquarters in Brussels

European Union regulators should use incident reporting under new rules that entered into force this year as a means to identify potentially systemic technology and cyber risks, a senior risk manager has suggested.

“We had, in Sweden and Finland, an incident where several banks, payment institutions, also some companies, were affected when a rather minor, medium-sized tech provider had a cyber

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