US Interagency Sound Practices to Strengthen Operational Resilience
What is US Interagency Sound Practices to Strengthen Operational Resilience?
The US federal banking agencies' sound practices for operational resilience at the largest and most complex firms: board-set tolerance for disruption and governance, operational risk management with tested controls including at third parties, business continuity management with alternate sites and remote-access contingencies, third-party risk management with substitutability, severe but plausible scenario analysis, secure and resilient information systems with immutable offline backup, surveillance and reporting, and the Appendix A cyber risk management practices from governance to third-party risk. It comprises 49 controls organised across 8 domains, and applies in the United States.
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