The European Securities and Markets Authority (ESMA) has released a statement of support for the “strong initial engagement by National Competent Authorities (NCAs) on cyber risk and digital resilience”. The authority further called on the industry to continue its efforts on the Union Strategic Supervisory Priorities (USSPs).
ESMA updated the USSPs in January this year to include a focus on cyber risk and digital resilience. The update was made in line with the entry into application of the Digital Operational Resilience Act (DORA).
ESMA noted in its statement that since then, NCAs have “demonstrated commitment to monitor financial entities’ adherence to DORA requirements through proactive checks and supervisory capacity building”. It encourages NCAs to keep up their supervisory efforts in the coming year.
The authority also revealed that it will consider new areas that may need “intensified supervisory work at union-wide level” in 2026.
