easy · FRM Part 2 Operational Risk

Which of the following 'exit strategies' is most consistent with the principles of operational resilience?

1. A tested, rehearsed plan to migrate the core service to an alternative provider or back on-premises within the impact tolerance.
2. Fully outsourcing the design and rehearsal of the exit plan itself to a fourth-party consultant to avoid internal bias.
3. A simple contractual clause that lets the bank terminate the cloud provider's services upon giving 30 days' prior written notice.
4. Ensuring the cloud provider maintains sufficient contractual 'bail-in' subordinated debt to survive a severe systemic financial crisis.

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