Business Continuity: How Exactly Did We Get Here?The Difference Between Regulation and Reality
Sadly speaking, I knew what was coming next. Here were the findings from the audit they recently went through.
Is it the lack of understanding of the BCP process on these institutions' part or is it simply a matter of lack of resources and overall complacency?
I am not convinced, but it sounded like that this friend of mine didn't have any doubts about the marching orders she will be following for months to come. I will share with you what I told her in the next issue of this blog. What got me thinking and I am eager to hear from the community - 'So, how did we get here?' Based on my experience in the industry, they are not alone in the industry going through this. Many institutions I regularly speak with have had one or more issues (and sometimes other issues) listed above. Is it the lack of understanding of the BCP process on these institutions' part or is it simply a matter of lack of resources and overall complacency on the management's part?
Stay tuned to learn more about what I told my friend.