The FFIEC’s 13 Exam Objectives for Business Continuity & Resilience

How quickly your credit union can get back to serving accountholders after a cybersecurity attack, hurricane, wildfire, pandemic, or flood often depends on the existing business continuity management (BCM) program.  The FFIEC provided guidance regarding the contents of your program, but also emphasized the importance of a continuous cycle for assessing resiliency using a 10-step approach.  As technology evolves so do the threats that could hamper an institution’s ability to provide financial services.  Business continuity and resiliency plans create a game plan for minimizing interruptions during a crisis.

Your BCM program must keep pace with the emergence of new threats, such as the COVID-19 pandemic, and the evolution of products and services.  With this webinar, you’ll learn the examination procedures, resilience strategies, and how to incorporate the 10 steps of the business continuity lifecycle.  Two other key components are communication with the board and your internal auditor’s role in assessing the BCM program’s design effectiveness. While disasters can’t be predicted, you can ensure your institution has a solid business continuity management program that will pass muster during an examination and be a valuable tool when disaster strikes!

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.