Business Continuity Planning: Old Concept, New Imperative in Financial Services
Source: Tower Group
Business continuity is no longer just a matter of staying in business. Continuous high performance is now a standard expectation of the marketplace regardless of the natural, technical, or human failures that can beset a Financial Services Institution (FSI). Meeting this expectation in a Business Continuity plan (BC plan) requires identifying strategic vulnerabilities and critical interdependencies. This is especially true today when global sourcing and interdependence extend a financial institution's business beyond the confines of its domestic operations.