Published Date: 01 June 2003

Guidelines on Business Continuity Management

Sets out sound business continuity management (BCM) principles that financial institutions are encouraged to adopt, so as to strengthen their ability to recover critical business functions in the event of disruptions.

The guidelines cover key principles for financial institutions to apply taking into consideration the activities that they engage in and the markets in which they conduct transactions. The principles cover several areas, including:

  • Responsibilities of the Board of Directors and senior management.
  • Recovery strategies and recovery time objectives.
  • Interdependency risk.
  • Wide-area disruptions.
  • Concentration risk.
  • Testing of business continuity plans.