Feds Try to Calm BCP Report Concerns
BUSINESS CONTINUITY AND RECOVERY
WASHINGTON, D.C.--Federal regulators last week sought to calm the securities industry concerned about excessive or unrealistic requirements for business continuity planning (BCP), as proposed in a draft interagency white paper issued in September.
A letter sent to US Sen. Charles Schumer of New York by the heads of the Federal Reserve Bank, the SEC and the Office of the Comptroller of the Currency assured Schumer that regulators will maintain a case-by-case, "flexible approach" to implementing
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