Preparedness for Avian Influenza Pandemic and Security Threats
MAS continues to emphasise the importance for financial institutions (“institutions”) to have in place robust business continuity frameworks and well-tested business continuity plans (“BCP”) to ensure the continuation of critical operations in the event of major operational disruptions. We expect institutions to continually enhance their ability to respond swiftly to emergency situations.
This information paper presents MAS’ observation of sound business continuity practices adopted and implemented by key institutions to mitigate the risks and impact of an avian influenza pandemic and security threats. To enhance their preparedness for such threats, institutions are encouraged to adopt and adapt the practices where appropriate, taking into account the nature and complexity of their operations.