Both by regulators and in various professional journals, the urgency of DORA has now been made more than clear. Multiple articles have described the impact of DORA on asset managers. However, pension funds will also have to start implementing IT risk management in the near future. This implementation by pension funds will also have an impact on their asset managers. That, at least, is the picture that follows from the December 2023 second tranche of regulatory standards. These set out the requirements for sub-contracting IT services that support a critical or important function. This article is only available in Dutch.
Operate efficiently or step aside
The years of easy, high-margin wins for asset managers is over. Welcome to the reality...
