Business Continuity Planning

Over several years, have assisted FX trading organization to establish its BCP program

In the first year, the program update included extensive updates to the corporate BCP which included:

Interviews and updates of the service profiles across the business to identify critical services and continuity requirements from a regulatory and business criticality point of view.
Updates of the detailed response and recovery plans for the business services
Integration with the DRP
Development and execution of BCP testing scenarios and conduct of table top review exercises with various members of management

In the second year, the program was extended to the various regional offices with region specific BCP versions being developed and rolled out to the local teams; along with an update and integration of the regional BCP versions with the Corporate version

In the third year, it was determined that a comprehensive Business Impact Assessment (BIA) should be performed to provide more justifiable measures for maximum tolerable period of disruption (MTPD), return to operations (RTO), and recovery point objective (RPO) for the core business processes. For each business process, detailed assessments were performed on the technology dependencies, timing dependencies, personnel requirements, regulatory requirements, upstream and downstream dependencies and impacts to the key business drivers. From the assessment, MTPD, RTO and RPO measures were determined, along with areas of observation for improvement in existing measures. Updates were made to the existing BCP as well as strategies developed for enhancing existing DRP processes.