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Banking on business continuity

Banking on business continuity

Source: Bank for International Settlements

The Bank for International Settlements looks at the lessons learned from recent major operational disruptions and sets out seven principles of effective business continuity planning.

The paper sets out to support international standard setting organisations and national financial authorities by providing a broad framework for developing business continuity arrangements.

An explanation of the broad principles is followed by a set of case studies which look at the lessons learned from financial sector responses to the North American power failures of 2004, the SARs outbreak in 2003 and the London bombings in July.

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