The latest business continuity news from around the world

Recovery planning guidance for credit unions published by regulator

After a consultation period, The Financial Services Regulatory Authority of Ontario (FSRA) has published guidance on recovery planning to help credit unions increase their resiliency. The new Guidance came into effect on July 5, 2021, and regulated credit unions have until January 13, 2023 to submit their final plans.

FSRA is asking for interim submissions with key elements of the plans by January 14, 2022, so feedback can be provided before the 2023 deadline.

The Recovery Planning Guidance sets out the principles of effective recovery planning. It also describes how FSRA will assess the quality of risk management and credibility of recovery options.

Read the guidance.

Want news and features emailed to you?

Signup to our free newsletters and never miss a story.

A website you can trust

The entire Continuity Central website is scanned daily by Sucuri to ensure that no malware exists within the site. This means that you can browse with complete confidence.

Business continuity?

Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.

Get the latest news and information sent to you by email

Continuity Central provides a number of free newsletters which are distributed by email. To subscribe click here.