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Conduct a risk assessment on reciprocal agreements that provide for recovery capabilities.


CONTROL ID
12759
CONTROL TYPE
Audits and Risk Management
CLASSIFICATION
Preventive

SUPPORTING AND SUPPORTED CONTROLS



This Control directly supports the implied Control(s):
  • Define and prioritize critical business functions., CC ID: 00736

There are no implementation support Controls.


SELECTED AUTHORITY DOCUMENTS COMPLIED WITH



  • Certain AIs may rely on a reciprocal recovery arrangement with another institution to provide recovery capability. AIs should, however, note that such arrangement is often not appropriate for prolonged disruptions and an extended period of time. This arrangement could also make it difficult for AIs … (5.3.3, Hong Kong Monetary Authority Supervisory Policy Manual TM-G-2 Business Continuity Planning, V.1 - 02.12.02)