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Is Your Financial Institution BCM Compliant?

Is Your Financial Institution BCM Compliant?

It’s been a few years since the FFIEC updated its BCM IT Examination Handbook and expanded its focus from “business continuity planning (BCP)” to “business continuity management (BCM).” While most financial institutions should already be aware of the updates to the handbook, it’s always beneficial for banks and credit unions to refresh their plan to remain up to date and compliant when it relates to business continuity.

In a recent post, Safe System’s compliance expert, Tom Hinkel, discusses five key points to keep in mind when evaluating your Business Continuity Management plan:

  • Resilience
  • Entities vs. Institutions
  • MAD vs. MTD
  • Exercises and Tests
  • Guidance vs. Requirements

In case you missed the full blog, view it here