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An Introduction to FFIEC: BCM’s Gold Standard

MHA Consulting

Collectively, these guidelines make up the FFIEC Business Continuity standard, whose purpose is to make sure the banks and other financial institutions that are required to follow it can continue to operate even if they are hit with a disruption. For this reason, it is often referred to as the Gold Standard of BCM standards.

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Why I no longer look at financial impacts when conducting a BIA

Plan B Consulting

This week I spent some time teaching the GPG course in-house for a bank. I then looked at the £10m figure, which was a real figure the company banked every day, confirmed by the finance department. One insurance company I worked with calculated the cost of downtime as being $30 BILLION.

Fashion 52
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Why I no longer look at financial impacts when conducting a BIA

Plan B Consulting

This week I spent some time teaching the GPG course in-house for a bank. I then looked at the £10m figure, which was a real figure the company banked every day, confirmed by the finance department. One insurance company I worked with calculated the cost of downtime as being $30 BILLION. Comments: Chris Green FBCI MSc.

Fashion 52