5.4: Business Continuity Planning

Improve our Emergency Preparedness Program and develop long-range goals

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After September 11, 2001, corporate business continuity planning was elevated to an enterprise-wide level and has undergone continuous improvements. Enterprise-wide business continuity planning is more than the recovery of the technology; it is the recovery of the business, regardless of the nature of the disruption. The FDIC has developed an Emergency Preparedness Program (EPP) that provides for the safety and security of its personnel through the Emergency Response Plan and ensures that its critical business functions remain operational during any emergency, following the guidelines of the Business Continuity Plan. During 2004, a number of initiatives were completed to strengthen the EPP, including conducting a business impact analysis (BIA) with all FDIC divisions and offices that resulted in enhanced planning for recovery of information technology and other critical business functions. During each year from 2005 through 2010, the FDIC plans similar initiatives to improve the EPP and develop long-range goals. In addition, the FDIC intends to expand its testing program to include more functional and “live” testing to ensure that every participant understands his/her responsibilities.

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