A focus on key impacts for financial services firms and markets Quick Take The European Commission announced in the 2021 EU State of the Union speech a number of key priorities. The following are those that are likely to directly affect financial services: Introduction of an EU Cyber-Resilience Act to sit alongside and support additional efforts on network security (NIS2) and digital operational resilience (DORA). Stepping up delivery on the implementation of the Capital market Union Action Plan including the Initiative on harmonizing certain aspects of substantive law on insolvency proceedings.
