Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Regulators update business continuity manual
ALEXANDRIA, Va. (3/20/08)—-The National Credit Union Administration (NCUA), as part of the Federal Financial Institutions Examination Council (FFIEC), has updated its business continuity planning booklet for financial institutions. The updated information is included in the “Business Continuity Planning Booklet,” which was issued in March 2003. The guidance is intended to help examiners, financial institutions, and technology service providers identify business continuity risks and evaluate controls and risk management practices for effective business continuity planning, according to the agency. NCUA said the revised booklet includes enhancements to the business impact analysis and testing discussions, and addresses emerging threats and “lessons learned” in recent years. The booklet also stresses the responsibilities of each institution’s board and management to address business continuity planning. The must consider technology, business operations, communications, and testing strategies for the entire institution. Key elements of the FFIEC’s December 2007 Interagency Statement on Pandemic Planning have been added to the booklet. Access electronic versions of the “Business Continuity Planning Booklet” and other examination handbooks using the link below.
Other Resources

RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
8 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
9 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
11 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
12 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
12 hours ago