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. Áttekintés

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