WASHINGTON — The Federal Financial Institutions Examination Council has issued an update to the Business Continuity Planning Booklet that was issued in March 2003.
The updated guidance is for examiners, financial institutions and technology service providers to identify business continuity risks and evaluate controls and risk management practices for effective business continuity planning.
The new booklet includes enhancements to the business impact analysis and testing discussions, and addresses emerging threats and lessons learned in recent years. It also points out the responsibility of each institutions board and management to address business continuity planning by considering technology, business operations, communications and testing strategies for the entire institution.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
