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Include the ability to obtain additional liquidity in the continuity plan.


CONTROL ID
12770
CONTROL TYPE
Acquisition/Sale of Assets or Services
CLASSIFICATION
Preventive

SUPPORTING AND SUPPORTED CONTROLS



This Control directly supports the implied Control(s):
  • Use available financial resources for the efficaciousness of the service continuity strategy., CC ID: 01370

There are no implementation support Controls.


SELECTED AUTHORITY DOCUMENTS COMPLIED WITH



  • AIs should also incorporate the possible need to obtain additional liquidity into their BCPs. (4.8.2, Hong Kong Monetary Authority Supervisory Policy Manual TM-G-2 Business Continuity Planning, V.1 - 02.12.02)
  • Liquidity; (TIER I OBJECTIVES AND PROCEDURES Business Continuity Planning (BCP) - General Objective 5:1 Bullet 3 Sub-Bullet 6, FFIEC Business Continuity Planning (BCP) IT Examination Handbook, February 2015)
  • Liquidity concerns before and during an adverse event. (V Action Summary ΒΆ 2 Bullet 3, FFIEC Business Continuity Planning (BCP) IT Examination Handbook, November 2019)