22 February 2018
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Best Practices for ensuring telecommunications continuity

05 October 2004  |  10917 views  |  0 Source: Payments Risk Committee network diagram

The private sector Payments Risk Committee outlines 13 best practice guidelines that financial institutions and payment and settlement utilities can adopt to avoid telecommunication outages and to facilitate rapid recovery when outages occur.

The report also provides specific recommendations for measures that each organisation can undertake in support of these best practices. The recommended best practices are widely applicable to all types and sizes of financial institutions and payment and settlement utilities and should be adopted in a manner that is commensurate with each institution’s size and risk profile.
The Payments Risk Committee is a private sector group comprising senior managers from several major banks in the US, sponsored by the Federal Reserve Bank of New York.» Download the document now 182.9 kb (PDF)

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