Business Continuity Plan
What is a Business Continuity Plan?
Business Continuity Plan (BCP) is a GLBA regulatory requirement. Your BCP is your bank's plan on how to continue to serve your customers in the event of a disaster. It is a comprehensive and exhaustive document. It will require a considerable amount of time and resources to complete.
What does a BCP need to cover?
Everything. A Business Continuity Plan must include how you will handle establishing a service location, personnel, supplies, services, processing, technology and how you will resume normal operations. Examiners want to see Business Impact Analyses and/or Risk Assessments and testing.
What is the most difficult section of a BCP to prepare?
The technology section or the Disaster Recovery Plan portion of the Business Continuity Plan is the most daunting. Because DRP planning is a part of your information security as a whole, it requires the most expertise and diligence. Disaster Recovery planning starts with the way your bank plans, implements, and maintains your information systems.
CBC can help your bank with creating a practical and functional BCP Policy and Plan.
Community Banc Consulting, Inc. is experienced in creating Business Continuity Plans and Disaster Recovery Plans. Our approach is to create a functional document that is actually valuable in the event of disaster. Our BCP and DRP plans are practical and do not create an administrative burden on your community bank. When necessary, CBC can conduct BCP or DRP testing. We document the testing and create a report for your board and examiners.
If you would like to talk to us about business continuity planning, please contact us or call:
- Paul Elder at 614-848-3189 ext. 121
- Larry Krietemeyer at 614-848-3189 ext. 143
The expertise and learning that they bring to the organization is very helpful. Their professionalism, sharing of ideas, and willingness to sit and talk when we want them to, is a big help.