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Several regulators added pandemic preparedness to business continuity planning requirements following H1N1. In recent years most of those requirements have bee
by elliekelly 7y ago
Several regulators added pandemic preparedness to business continuity planning requirements following H1N1. In recent years most of those requirements have been significantly relaxed if not removed entirely. To give you a quick idea of how drastically things have changed in a very short time you can look at the Business Continuity Planning Handbook the FFIEC[1] publishes as a compliance guide.
The prior version[2] used the word "pandemic" 139 times while the current version[3] mentions it only 18 times.
Considering financial institution compliance is hardly known for speedy updates that is an absolutely monumental shift in guidance in less than four years.
[1] https://en.wikipedia.org/wiki/Federal_Financial_Institutions_Examination_Council https://en.wikipedia.org/wiki/Federal_Financial_Institutions...
[2] https://ithandbook.ffiec.gov/media/391101/ffiec-itbooklet-businesscontinuityplanning-2015.pdf https://ithandbook.ffiec.gov/media/391101/ffiec-itbooklet-bu...
[3] https://ithandbook.ffiec.gov/media/296178/ffiec_itbooklet_businesscontinuitymanagement.pdf https://ithandbook.ffiec.gov/media/296178/ffiec_itbooklet_bu...