Original Source: Morgan Stanley

“A business continuity event is an interruption with potential impact to normal business activity of the Firm’s people, operations, technology, suppliers, and/or facilities.   

The business continuity program’s core functions are business continuity planning (with associated testing) and crisis management.  The Firm has dedicated Business Continuity Management staff responsible for coordination of the program governed by the Business Continuity Governance Committee and a Risk Oversight Committee.  In addition, a Committee of the Board of Directors (the “Board Committee”) and senior management oversee the program.  BCM reports to the Board Committee at least annually on the status of program components such as business continuity events and business continuity testing results…”

Contributors: Morgan Stanley
Categories: Whitepaper
SRC Type: Risk Management, Sourcing Management, Third Party Management