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Disaster Recovery For Banks: A Comprehensive Program for Today's Regulatory Climate

by Geoffrey H. Wold and Robert F. Shriver 1988, 151 pages

"Regulatory agencies have many concerns regarding the capabilities of financial institutions to recover from various types of disasters. Therefore, the regulatory agencies have established requirements that define the responsibilities of management and the board of directors regarding disaster recovery planning. Although compliance with legal and regulatory requirements is an important reason for having a workable disaster recovery plan, it also makes good business sense.

"This book was written to assist financial institutions in developing comprehensive disaster recovery plans that are cost effective and satisfy regulatory requirements. In many financial institutions, management and other personnel may not have the time or technical background to research every conceivable aspect of disaster recovery planning. Therefore, this book provides a proven step-by-step approach on how to develop a practical and complete contingency plan. The methodology is tailored to the unique aspects of the financial industry. It describes disaster recovery planning considerations for all the major departments and functional areas of the financial institution versus limiting the discussion to only computer systems. It also stresses the importance of proper prevention and preparation techniques. The book is organized into chapters that correlate with the sequence of the disaster recovery planning development process. Several figures in the book provide samples of the methodology."


 

 

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