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Exit and Resolution Planning

  1. 3.66Institutions should consider the possibility of a stressed exit wherein an event of disruption cannot be managed through business continuity measures.
  2. 3.67Institutions should define and maintain specific exit plans for their outsourced Cloud Computing arrangements, taking into account, developments (such as new technology) that may change the feasibility of an exit in stressed and non-stressed scenarios.
  3. 3.68Institutions should account for outsourced Cloud Computing arrangements when developing resolution plans or strategies to identify and address any impediments to its resolvability and to prepare for its possible resolution.
  4. 3.69Institutions should establish procedures for Data recovery by the Institution and permanent Data deletion by the Outsourcing Service Provider in the event of a termination of services.