How DORA Made Sovereignty a Bank Problem

× I’ve heard variants of the same line from probably a dozen people in the last six months. A consultant I know has done more US-to-EU migrations this calendar year than in his entire career before. A founder on LinkedIn wrote the other day: Trump effectively has a kill-switch to our highly digitalised society, and the thought of that is frightening. None of those people would have used the word “sovereignty” in 2023. All of them now use it without explanation. Schleswig-Holstein, a German state of 2.9 million residents, is roughly 80% done shifting ~30,000 state workstations off Microsoft Office onto LibreOffice as of late 2025 (The Register, 15 Oct 2025), with Linux pilots running and full migration targeted for 2026. Airbus opened a tender in December 2025 for a sovereign EU cloud to host ERP, MES, CRM and PLM (over €50M, up to 10 years), and the EVP Digital told Les Echos she gave herself only an “80/20” chance of finding a qualifying provider (heise online, 19 Dec 2025). The ICC…