A disaster recovery plan addresses the recovery of IT systems, data, and technology infrastructure following a significant failure. It sits alongside the business continuity plan and focuses on the technical steps needed to restore systems within the timeframes required. For consumer credit and fintech businesses, where operations depend heavily on technology platforms, a sound disaster recovery plan is essential.
We advise on the regulatory requirements for disaster recovery planning and draft or review plans to make sure they are aligned with the business continuity plan, reflect the actual systems in use, and meet FCA expectations.