New Broadridge Whitepaper Highlights Operational Resilience and DORA Compliance Challenges Facing Global Financial Services

"Now more than ever, operational resiliency is a critical priority for financial firms around the world, driven by a fundamental need to strengthen trust and security in response to the growing risk of cyberattacks and disruptions," said Mike Sleightholme, President of Broadridge International. "The broad and in-depth scope of DORA mandates a significant transformation in risk management frameworks, policies and governance structures relating to both inhouse and third-party systems, posing urgent challenges that the industry needs to address ahead of the January 17, 2025 deadline."

"Regulators are emphasizing and prioritizing operational resilience, yet there is a growing sense that many firms remain far from ready, exposing themselves not only to operational resiliency risk but also to regulatory compliance risk," said Virginie O'Shea, Founder of Firebrand Research, who worked with Broadridge to develop the whitepaper. "Firms must act now to mobilize their DORA action plans, including a detailed assessment of their critical systems and services, and an impact analysis to ensure they can deliver a compliant operating model and meet recovery and reporting objectives aligned to DORA's requirements."

Key findings from the whitepaper include:

To download the full whitepaper, click here.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms underpin the daily trading of more than $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries. For more information about us, please visit www.broadridge.com.

Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
[email protected] 

Media:
Gregg Rosenberg
Global Head of Corporate Communications
[email protected] 

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