Planning that allows critical activities to continue, or be quickly restored, after a disruption. It is tested through exercises.
Where you will meet it
Business continuity comes up in 6 learning outcome notes across the FRM syllabus.
A few of them:
Introduction to Operational Risk and Resilience FRM Part II · Operational risk and resilience
“It differs from traditional operational risk management and business continuity because it starts from the services that matter to customers and markets, rather than from individual systems or loss events.”
Performing Due Diligence on Specific Managers and Funds FRM Part II · Risk management and investment management
“It also covers compliance and personal trading rules, information technology, cyber security, and business continuity plans.”
Risk Mitigation FRM Part II · Operational risk and resilience
“Firms prepare an incident response and crisis management structure with clear roles and escalation, a business continuity plan with alternative sites, people and systems, and an IT disaster recovery capability.”
Guidance on Managing Outsourcing Risk FRM Part II · Operational risk and resilience
“They also include operational capacity and internal controls, information security and data protection, and business continuity and disaster recovery.”
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