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Article
DORA, Business Continuity & Third-Party Risk: The Hidden Gaps in Resilience
Regulations set the baseline for third-party risk, but true resilience requires a proactive approach. In this Q&A, Jeff Simmons discusses how firms can go beyond compliance by strengthening exit strategies, integrating business continuity, and managing supply chain risks to ensure operational stability.
Feb 26, 2025
Jeff Simmons, Senior Advisor, Alba Partners
Tags:
Resilience
Vendor and Third Party Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
- Organizations should go beyond
regulatory requirements by tailoring exit strategies to critical business
functions rather than relying on generic plans.
- Exit strategies must align with
business continuity efforts by integrating clear triggers and accounting for
supplier dependencies.
- DORA and similar regulations
highlight the need for IT resilience, but firms must achieve full visibility
into their supply chains, including fourth-party risks.
- Planning for supplier insolvency should extend beyond
replacements to include crisis communications, service continuity, and
mitigation strategies.
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