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.