medium · Frm Part 2 Operational Risk
A bank is migrating its core ledger to a multi-cloud environment.
Which of the following 'exit strategies' is most consistent with the principles of operational resilience?
- A tested, rehearsed plan to migrate the core service to an alternative provider or back on-premises within the impact tolerance.
- Outsourcing the exit plan itself to a fourth-party consultant to avoid internal bias.
- A contractual clause allowing the bank to terminate the cloud provider's services with 30 days' notice.
- Ensuring the cloud provider has enough 'bail-in' debt to survive a financial crisis.
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