In this podcast, Deirdre Patten, founder and president of the Patten Companies, including Patten Training and Saenger Consulting, and GRIP’s Julie DiMauro, talk about why we have business continuity plans (BCPs), what goes into them, and what we’ve learned in recent years about ones that work.
We spoke about:
- the essential elements of a BCP and what FINRA in particular requires of such plans;
- other regulatory agency expectations and the evolving nature of BCP and CEO succession planning;
- who needs a seat at the table in designing a BCP; and
- things we might forget about in designing or updating these plans.
A transcript for this podcast is available here.