Business Continuity Standing Committee

Primarily aimed at financial services continuity and risk management professionals, this standing committee provides and open forum in which members can collaboratively address individual and industry issues. By developing projects, participating in meetings, and keeping a keen eye on industry trends, the Business Continuity Standing Committee is able to create solutions that will benefit companies industry-wide.

Recently addressed topics have included: Evolving risk environments (growth in terrorism and cyber-threats); fast-paced changes in regulatory guidance and more comprehensive compliance requirements; expanded scope of recovery-planning scenarios, e.g., regional outages, terrorism, infrastructure weaknesses, and public-private partnership response plans.

Charter and Goals

• Provide a forum to leverage the power of continuity and risk management professionals' expertise to develop actionable solutions to today's rising issues.
• Solutions may be specific tactical technology methodologies, best practices, quick answers to complex issues faced by a member or long term strategies to proactively address the rapidly evolving cost/risk challenges faced in today's world.
• The standing committee provides:
  • A setting for participants to turn the results of dialogue into action and potential FSTC projects
  • A vehicle for committee participants to reduce their costs through collaborative research, thought-provoking articles and white papers that summarize current financial industry business continuity trends and best practices
  • Leadership to the continuity industry by bringing forward solutions and strategies that have been developed by some of the financial industry's top continuity talent.

Current Projects

The benefits of participating in the project is the opportunity to work with other industry experts and top-tier organizations on one of the most significant common challenges facing businesses today, managing operational risk. Additionally, participants will have the ability to influence and gain early access to the CERT Resiliency Engineering Framework (REF) methodologies and project deliverables, long before they are publicly available.

Projects in Formation

There are currently no Projects in Formation.

Projects under Development

There are currently no Projects under Development.

Projects Recently Completed

There are currently no Projects Recently Completed.

Member Benefits

FSTC Business Continuity Standing Committee members are able to pool their knowledge and resources to find solutions to business continuity challenges that cut across financial institutions. Service-provider members bring technology expertise, financial institution members share common experiences, and project participants discover solutions that become industry standards. Members save time, money, and effort by working collaboratively to develop practical solutions to problems suggested by Standing Committee members. Plus, project participants get to know their peers at other financial institutions and develop a professional network that lasts beyond the project lifecycle.

If you would like to learn more about the Business Continuity Standing Committee or would like to share your expertise, contact FSTC.

Co-Chairs

Randall Till, CBCP
Senior Business Leader, Global Business Continuity Management
MasterCard Worldwide

Marty Plevel
Northeast Region Business Continuity Management Services leader
KPMG LLP

FSTC Managing Executive: Charles Wallen

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