
Business continuity planning booklet released by FFIEC
Daily news headlines
WASHINGTON, DC – Business continuity planning (BCP) is the subject of a new booklet released by the Federal Financial Institutions Examination Council (FFIEC) as part of the US supervisor’s IT handbook. The publication replaces the previous booklet and represents a shift towards enterprise-wide business continuity strategy – focusing on interconnectivity of processes outside of IT departments.
The first part describes the planning process and addresses senior management responsibilities. The second part focuses on examination procedures, followed by a glossary, appendices, and a reference list of relevant supervisory laws, regulations, and guidance.
The paper highlights the increasing need for BCP in recent years – in the wake of disasters such as 9/11 and Hurricane Katrina – and the importance of addressing these area-wide disaster scenarios. It also underlines increasingly demanding recovery time objectives (RTOs), saying these are now much shorter than a few years ago, with some RTOs based on hours or minutes.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Technology
Regulation
What lies beneath: Nomura’s iceberg balance sheet
Collateral received by the Japanese bank exceeds its total on-balance-sheet assets – does it matter?
Receive this by email