Nearly half of UK financial businesses not ready for a date with DORA
The EU's Digital Operational Resilience Act (DORA) comes into force tomorrow (Jan 17th) but new research shows that 43 percent of the UK's financial organizations are set to miss the deadline for compliance, with 20 percent expecting to do so by at least four months.
Although the UK is outside the EU its strong financial ties with Europe mean firms operating in or interacting with EU markets will need to align with DORA standards to continue their business relationships.
Wah! Google cries over EU’s Digital Markets Act
Over the years, I have seen many tech companies go through various regulatory hurdles. With that said, I can’t help but raise an eyebrow at Google’s recent complaints regarding the European Union’s Digital Markets Act (DMA). The act, designed to promote competition in the digital market, has seemingly ruffled some feathers at the tech giant.
Adam Cohen, Google’s Director of Economic Policy, has taken to the company’s blog to air grievances about the DMA’s impact on their services. In a bid to comply with the new regulations, Google has had to strip down some of its useful search features, particularly those related to flights, hotels, and local businesses. Cohen argues that this move benefits only a select few online travel aggregators while disadvantaging a broader range of businesses, from airlines to small firms, who now find it harder to directly reach customers.