On Wednesday, November 13, 2024, a meeting of the "Legislation and Regulation" and "Digitalization" working groups, organized by the European Association of Guarantee Institutions (AECM), took place in Brussels, during which financial and technological experts came together to discuss the new Digital Operational Resilience Act (DORA) and Artificial Intelligence Act (AI Act).
ICI Bucharest contributed to the discussion through a presentation in which the application and implications of DORA and the AI Act on the financial sector were addressed. During the presentation, the concerns and commitment of the institute to supporting the adoption of these regulations were highlighted, highlighting the necessary measures to ensure a resilient and secure digital financial environment.
The presentation was accompanied by a video message from the general director of ICI Bucharest, Adrian-Victor Vevera, who highlighted the relevance of DORA for the European financial ecosystem: "DORA represents a proactive approach to modern risks, offering solid safeguards to protect the EU financial ecosystem against operational and cyber threats. While implementation may present challenges, these efforts are essential for a safe and resilient financial sector able to serve society with confidence."
Regarding the AI Act, Adrian-Victor Vevera pointed out that it "establishes a comprehensive framework that will shape the future of artificial intelligence in the financial sector and beyond, underlining the EU's commitment to a responsible AI ecosystem, where the rights and safety of citizens are a priority".
The event was a platform for decision-makers, technology experts and leaders of the financial sector, providing a framework for dialogue on how the new regulations will transform the European financial sector into a safe and innovative digital space.
