Business Continuity Management (BCM) describes the principles and practices for IT and operations for safety and soundness, consumer financial protection, and compliance with applicable laws and regulations. BCM continues to be an examination “hot spot” with examiners evaluating the processes for and management of the risks related to the availability and resiliency of the institution’s critical financial and operational products and services. Examiners are focused on BCM governance, resilience strategies and plan development, training, testing, communications, maintenance, updates to the plans, and reporting. BCM encompasses business continuity (BCP), disaster recovery (DRP), and pandemic planning. While BCM should focus on the Institutions internal processes for the temporary and immediate restoration of operations (BCP) and the recovery and restoration of the technological systems (DRP), regulators also expect critical third-party provider resiliency to be included.
Who Should Attend
Information Security and Cyber Security Officers, IT Manager, Risk Management Officer, Internal Auditor, Senior Management, or anyone looking to gain insight into the business continuity planning process and FFEIC updates will benefit from attending.