Private Equity Talks

Top of the Ops: Filling you in

16 snips
Apr 14, 2025
Adrian Whelan, Managing Director and Global Head of Market Intelligence at Brown Brothers Harriman, shares insights on the EU’s Digital Operational Resilience Act (DORA) and its challenges. He discusses the regulatory landscape, emphasizing the importance of compliance and operational resilience for firms. Whelan highlights the potential opportunities DORA presents for well-prepared managers and dives into trends in fund structuring while drawing parallels with the music industry’s response to GDPR, showcasing collaboration amid uncertainty.
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ANECDOTE

GDPR Parallels: Waiting For Clarification

  • Matthias compared the DORA rollout to the early GDPR experience of uncertainty and delayed clarity.
  • He recalled learning that lawsuits and guidance later provided the real clarifications.
INSIGHT

Implementation Was Only The Beginning

  • DORA's January 17th deadline was a start, not an end, because technical standards and scope clarity arrived later.
  • Awareness rose after implementation, but full compliance remained unattainable immediately.
ADVICE

Treat Registers As Iterative Work

  • Prioritise submitting accurate ICT registers and expect iterative fixes from regulators and providers.
  • Treat reporting as ongoing work and maintain pragmatic scope decisions about material third parties.
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