Ffiec it examination handbook business continuity management booklet ffiec it examination handbook business continuity planning booklet, appendix d. Occs odell says this updated guidance should serve as a wakeup call for those banks that have not done enough to meet their business continuity planning requirements. Occs updated guidance on retail nondeposit investment. Pandemic planning occ covid19 coronavirus resources responding to a declaration of a legal holiday or a natural. For banks overseen by the office of the comptroller of the currency occ, the. This updated version replaces the february 2015 business continuity planning booklet, as well as rescinds occ bulletin 20159, ffiec information technology examination handbook. The booklet replaces the business continuity planning booklet issued in february 2015. The business continuity management booklet describes principles to help examiners. Financial regulators revise business continuity management. The longterm goal of the infobase is to provide justintime training for new regulations and for other topics of specific concern to. Ffiec it examination handbook business continuity planning booklet, appendix d.
Ffiec information technology exam handbook information. Ffiec operations booklet information technologythis booklet is one in a series that comprise the federal financial institutions examination council ffiec information technology handbook it. The ffiec just updated its it handbook and what was once called business continuity planning is now business continuity management. Ffiec issues revised business continuity management booklet. The booklet reflects the occs emphasis on the importance of strong and effective riskmanagement processes. The booklet, which is part of the comptrollers licensing manual, outlines i policies that the occ. Strengthening the resilience of outsourced technology services background and purpose many financial institutions depend on thirdparty service.
The office of the comptroller of the currencys occ comptrollers handbook is prepared for use by occ examiners in connection with their examination and supervision of national banks, federal savings associations, and federal branches and federal agencies of foreign banking organizations collectively, banks. Occ bulletin announced that the ffiec has released appendix j to the business continuity planning booklet of the ffiec. Continuity planning facilitates the performance of executive branch essential functions during allhazards emergencies or other situations that may disrupt normal operations. Information technology examination handbook information. Business continuity planning booklet appendix j update to ffiec it examination handbook series summary. This federal financial institutions examination council ffiec business continuity. In november 2019, the ffiec released an update to the business continuity planning booklet of their it handbook. Ffiec issued revised business continuity management booklet. These financial institutions should recognize that using such providers. This business continuity management booklet is one in a series of booklets that comprise the federal financial institutions examination council ffiec information technology it examination. Our business continuity study is based on a sample of 500 online surveys among information technology it executives with primary. Ffiec business continuity booklet avalution consulting. This business continuity management booklet is one in a series of booklets that comprise the federal financial institutions examination council ffiec information technology it examination handbook.
Continuity planning for technology alone should no longer be the primary focus of a bcp. Business continuity planning booklet march 2003 ffiec it examination handbook page 6 resume operations. Permissible interest on loans that are transferred. Compared to the 2015 version, the updated business continuity management booklet released in november 2019 by the federal financial institutions examination council ffiec offers increased clarity, with detailed examples designed to make it easier for financial institutions to comply with its guidance and to help examiners determine whether management are addressing risks related to the. The business continuity management booklet is part of the ffiec information technology examination handbook it handbook and replaces the business continuity planning booklet issued in february. Ffiec it examination handbook business continuity management booklet major disasters. In february 2015, the ffiec released a new appendix to the business continuity planning booklet. This updated version replaces the february 2015 business continuity planning booklet, as well as rescinds occ bulletin 20159, ffiec. The federal financial institutions examination council ffiec has issued an appendix to. Occ expands on thirdparty cyberrisks bankinfosecurity. This guidance updates the business continuity planning booklet, issued in. This business continuity planning policy is intended to provide the framework for developing and maintaining a plan that is specific to the business needs, strategic goals and risk appetite of sample. The ffiec just updated its information technology examination handbook it handbook booklet on business continuity planning, and its got a new title to match its new outlook.
The federal financial institutions examination council ffiec updated the business continuity planning booklet bcp booklet by adding a new appendix j, titled strengthening the. This booklet provides guidance to assist examiners in evaluating financial institution and service provider risk management processes to. The information technology examination handbook infobase concept was developed by the task force on examiner education to provide field examiners in financial institution regulatory agencies with a. The office of the comptroller of the currency occ revised its business combinations booklet. Occ publishes revised business combinations booklet. The revised booklet replaces the business continuity planning booklet issued in february 2015 and rescinds occ bulletin 20159, ffiec. Office of the comptroller of the currency fees and assessments. The revised booklet replaces the business continuity planning booklet issued in february 2015. Compared to the 2015 version, the updated business continuity management booklet released in november 2019 by the federal financial institutions examination council ffiec offers. The ffiec revised the business continuity management booklet of its information technology examination handbook. Occ revises business combinations booklet finance and. Bcm booklet, which is part of the ffiec information technology examination handbook.
The federal financial institutions examination council ffiec has released a new appendix, strengthening the resilience of. New appendix for business continuity planning booklet. Occ bulletin 20159 announced that the ffiec has released appendix j to the business continuity planning booklet of the ffiec information technology examination handbook. On november 14, the federal financial institutions examination council ffiec issued a revised business continuity management. The office of the comptroller of the currency occ published a new business combinations booklet of the comptrollers licensing manual. Ffiec information technology examination handbook summary. Regulatory requirements for disaster recoverybusiness. Business continuity planning ffiec it examination handbook. On march 19, 2008, the agencies occ, federal reserve board, fdic, ots, ncua and ftc jointly issued guidance for examiners, financial institutions and technology service providers in the. Strengthening the resilience of outsourced technology services background and purpose many financial institutions depend on thirdparty service providers to perform or support critical operations. Appendix j, strengthening the resilience of outsourced technology services, ensures that the booklet aligns with regulatory guidance on thirdparty relationship risk management and incorporates emerging risks, such as.
Business continuitydisaster recovery, which include measures to promote the continuous operation of financial markets and to ensure the continuity of operations in the event of a potential crisis. The same day, the occ also issued bulletin 201957 to note that the revised booklet. The revised booklet provides information for examiners to assess the adequacy of a banks risk management related to the availability of critical financial products and services. The federal financial institutions examination council. This booklet rescinds and replaces the previous business continuity planning booklet, which was issued in march 2003, and has been revised to reflect technological and regulatory changes with a focus on managements responsibilities regarding oversight of. The ffiecs business continuity planning booklet discusses four basic components to business continuity planning. Ffiec information technology examination handbook occ. Strengthening the resilience of outsourced technology services, new appendix for business continuity planning booklet.
The same day, the occ also issued bulletin 201957 to note that the revised booklet rescinds bulletin 20159. Occ bulletin 20188 announced that the occ and other agencies of the federal financial institutions examination council ffiec have issued a joint statement that discusses considerations. Business continuity is an integral part of the risk management life cycle of an entitys systems, processes, and operations. Simply put, business continuity is about anticipating the crises that could affect you and. The information technology examination handbook infobase concept was developed by the task force on examiner education to provide field examiners in financial institution regulatory agencies with a quick source of introductory training and basic information. Occ bulletin 20159 announced that the ffiec has released appendix j to the business continuity planning booklet of the ffiec information technology. Continuity planning business bcp ffiec it examination. The abcs of bias the business impact analysis component of. Supervision and examination publications provide guidance to examiners as they work to ensure the safety and soundness of the national banking system and information to bankers and the general. Business continuity planning booklet 2008 who it applies to. The revised booklet provides information for examiners to assess.
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