continuity
BUSINESS CONTINUITY PLAN CONCEPT

InfoSight Spotlight: Financial regulators revise business continuity management booklet

A highlight in this week’s InfoSight newsletter points to a booklet on business continuity. The members of the Federal Financial Institutions Examination Council (FFIEC) recently emphasized that examiners understand how management of banks and other regulated entities, including depository financial institutions, nonbank financial¬† institutions, bank holding companies and third-party service providers, have prepared their operations […]

A highlight in this week’s InfoSight newsletter points to a booklet on business continuity. The members of the Federal Financial Institutions Examination Council (FFIEC) recently emphasized that examiners understand how management of banks and other regulated entities, including depository financial institutions, nonbank financial¬† institutions, bank holding companies and third-party service providers, have prepared their operations to avoid disruptions and to recover services.

The updated Business Continuity Management booklet focuses on enterprise-wide approaches that address technology, business operations, testing and communication strategies critical to the continuity of the business. The booklet describes principles and practices for information technology (IT) and operations designed to achieve safety and soundness, consumer financial protection, and compliance with applicable laws, regulations and rules.

Read the full InfoSight newsletter here.

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The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

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