+225. Competent authorities should determine whether the institution’s business continuity …
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225. Competent authorities should determine whether the institution’s business continuity …
Competent authorities should determine whether the institution’s business continuity management includes: - a. Business Impact Analysis (BIA);
- b. appropriate recovery strategies incorporating key internal and external dependencies and clearly defined recovery priorities and resilience levels;
- c. comprehensive and flexible plans to deal with plausible disruptive scenarios, which are established based on the BIA and in coordination with internal and external stakeholders;
- d. plans that establish contingency strategies and response and recovery procedures;
- e. effective testing of the design and operational effectiveness of the plans;
- f. BCM awareness and training programmes;
- g. communications plans for informing management and all relevant stakeholders, and crisis-management documentation, measures and a crisis management function where applicable (as per Article 11(7) of DORA).
1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
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Requirement |
3. Related Standards
Standards
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Requirement |
- EBA - Published by the European Banking Authority at https://www.eba.europa.eu/
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