This will depend on how well the system restructures its balance sheet and recapitalises over the next few months. Another risk is the potential instability in financial markets, in particular with respect to excess volatility in the foreign exchange markets, which is detrimental to export and investment decisions. Looking at financial markets, one gets the impression that they are expecting a somewhat stronger recovery.
By advancing regulation in this field, we have the opportunity to set global standards and remain competitive – while mitigating the risks arising from digital finance. Second, from my perspective as a banking supervisor at the Bun​des​bank: DORA addresses today’s most important challenges for managing ICT risks at financial institutions and critical ICT third-party service providers.