Organizational instructions and technical facilities at an institution that ensure uninterrupted business operations (business continuity) even in the event of a failure of information technology facilities. The supervisory authorities generally prescribe such precautions. In Germany, this is made a legal obligation for all institutions by Section 25a of the German Banking Act (KWG) (an arrangement planned to replace the primary system in the event of the primary system being unable to function for whatever reason). — See outsourcing, back-off area, flash crash, business continuity, information assurance, infrastructure providing, insourcing, IT risks, outsourcing risks, risk, banking, risk, operational, service line, power risk, system collapse, technology risks, transfer risks, maintenance time
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