Our client’s need
A mid-sized financial institution sought assistance with identifying critical business processes and development of a business continuity plan, which conformed to relevant bank regulatory guidelines.
Baker Tilly solution
Baker Tilly worked with the financial institution to assess internal and external threats, develop a process for risk monitoring and testing, create pandemic planning procedures, identify interdependences, analyzed business impact and outlined a periodic testing program. Additionally, the Baker Tilly team used key guidelines within the banking industry to insure the financial institution would meet regulatory compliance requirements..
The final deliverables in this project were a business continuity plan as well as a final presentation to key stakeholders so that everyone in the organization was aware of the new plan and its impact. Additionally, the Baker Tilly team prepared documentation outlining how the financial institution was meeting applicable bank regulatory guidance as presented in the FFIEC Business Continuity Handbook.
For more information on this topic, or to learn how Baker Tilly specialists can help, contact our team.