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NFA amended its business continuity rule and the related interpretive notice to let members use cloud-based applications as their primary or back-up data recovery sites instead of physical locations, effective immediately.

The Bank Policy Institute, the American Bankers Association, and the Financial Services Forum expressed support for an FDIC proposal to streamline resolution planning requirements for covered insured depository institutions by raising the applicability threshold and reducing content requirements; the Independent Community Bankers of America backed the higher threshold but said the rest of the proposal cuts too deep.