+55. Business continuity plans should take into account the possible event of a failure or …

55. Business continuity plans should take into account the possible event of a failure or …

Business continuity plans should take into account the possible event of a failure or disruption at a TPSP impacting the provision of critical or important functions. Taking into account the application of proportionality, as part of the overall business continuity policy, financial entities should conduct a business impact analysis (BIA) of their exposures to severe business disruptions. Under the BIA, financial entities should assess the potential impact of severe business disruptions by means of quantitative and qualitative criteria, using internal and external data and scenario analysis, as appropriate. The BIA should consider the criticality of identified and mapped business functions, support processes, third-party dependencies, and substitutability of the TPSP.

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1.2 Geïdentificeerde eisen

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  • EBA - Published by the European Banking Authority at https://www.eba.europa.eu/