FFIEC BUSINESS CONTINUITY PLANNING BOOKLET

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Click here to download the full text in PDF format http: The revised booklet includes enhancements to the business impact analysis, testing, and emerging threats sections and includes lessons learned in recent years. Without an enterprise-wide BCP that considers all critical elements of the entire business, an institution may not be able to resume customer service at an acceptable level. Internal and External Threats Appendix C — Text was added to address issues encountered by financial institutions that experienced problems from hurricanes Katrina and Rita, and that were related to ensuing technical disasters e. The prior booklet provided only general guidance regarding the BIA process. Pandemic Planning Appendix E: The enterprise-wide perspective taken on business risk and human elements makes this booklet a valuable tool to the entire organization in addition to the information technology department.

Laws, Regulations, and Guidance Appendix I — This new section provides the reader with internal and external resources related to business continuity planning. March 19, To: The business continuity planning process involves the recovery, resumption, and maintenance of the entire business, not just the technology component. This guidance applies to all national banks and federal savings associations collectively, banks with outsourced technology services. Search News and Issuances Archive. In addition, this process should include each critical business function and the technology that supports it. Without an enterprise-wide BCP that considers all critical elements of the entire business, an institution may not be able to resume customer service at an acceptable level.

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Description: Business Continuity Planning Booklet

Financial sector BC Sign up for Continuity Briefingour weekly roundup of business continuity news. Capabilities Contact ffiec business continuity planning booklet professionals. Specifically, a financial institution should ensure that its third-party service providers do not negatively affect its ability to appropriately recover IT systems and return critical functions to normal operations in a timely manner.

E-mail this news release. Similarly, smaller, less complex institutions are expected to fulfill their responsibilities by developing an appropriate business continuity planning process that incorporates comprehensive recovery guidelines based on the institution’s size and risk profile.

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The BCP Booklet contains guidance to assist examiners ffiec business continuity planning booklet evaluating financial institution and service provider risk management processes to ensure the availability of critical financial services.

Resources Risk Bulletin Technology Bulletin. E-mail this news release. The revised booklet includes enhancements to the business impact analysis, testing, and emerging threats sections and includes lessons learned in recent years.

FFIEC updates Business Continuity Planning Booklet

February 6, To: Since these organizations participate in one or more critical financial markets and their failure to perform critical activities by the end of the business day could present systemic risk to financial ffiec business continuity planning booklet, their role in financial markets should be addressed as part of the business continuity planning process.

The booklet also was designed to provide guidance to financial institutions about the implementation of their business continuity planning processes.

This section was added to provide to management of small-to-medium sized ffiec business continuity planning booklet institutions the specific steps they should follow to complete a BIA.

Based on these guidelines, key financial industry participants are expected to identify activities that support these critical markets, continually maintain their ability to recover and resume critical operations in a timely manner, and routinely use or test recovery and resumption arrangements.

Media Contacts Public Affairs. Ffiec business continuity planning booklet response to competitive and customer demands, many financial institutions are moving toward shorter recovery periods and designing technology recovery solutions into business processes. Third-party management Third-party capacity Testing with third-party technology service providers Cyber resilience Financial institutions should partner with their technology service provider s as needed to strengthen the resilience of outsourced technology as recommended through this guidance.

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Pages – FFIEC Release of Updated Business Continuity Planning Examination Handbook

Third-party management Third-party capacity Testing with third-party technology service providers Cyber resilience. To see the latest business continuity news, jobs and information ffiec business continuity planning booklet here. Testing with third-party TSPs includes considerations for a robust testing program and addresses the importance of validating business continuity plans with TSPs.

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Laws, Regulations, and Guidance Appendix I — This new section provides the reader with internal and external resources related to business continuity planning.

This resilience of technology is the focal point of Appendix J. Business Continuity Planning Booklet The guidance attached to this bulletin continues to apply to federal savings associations. Learn about consumer rights and protection as well as financial literacy for members of credit unions. While this approach is reflected as four steps, the business continuity planning process actually represents a continuous cycle that should evolve ffiec business continuity planning booklet time based on changes in potential threats, business operations, audit recommendations, and test results.

FFIEC Release of Updated Business Continuity Planning Examination Handbook

Pandemic Planning Appendix E: This enterprise-wide framework should consider how every critical process, business unit, department, and system will respond to disruptions and which recovery solutions should be implemented. Comptroller of the Currency. Business continuity planning includes the integration of the institution’s role ffiec business continuity planning booklet financial markets.

Financial institutions should partner with their technology service provider s as needed to strengthen the resilience of outsourced technology as recommended through this guidance. Share email linked in facebook twitter. Sign up for Continuity Briefingour weekly roundup of business continuity news. To accommodate banks with limited access to the Internet, the OCC will also include the booklet in the next release of e-files, the DVD-based library of OCC publications provided to all national banks.

Community banks should adopt ffiec business continuity planning booklet management practices commensurate with the level of risk and complexity of their outsourced services.