easy · Frm Part 2 Operational Risk
A bank's 'Cloud Exit Plan' is criticized by regulators for being 'theoretical.'
What is the most likely reason for this criticism?
- The plan does not include a contractual right to terminate the vendor.
- The bank has not yet migrated its core ledger to the cloud.
- The plan relies on multi-cloud strategies that have never been tested in a live failover scenario.
- The cloud provider's uptime exceeds the bank's internal benchmarks.
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