BUSINESS CONTINUITY MANAGEMENT GUIDELINES

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June 2003Monetary Authority of Singapore BUSINESS CONTINUITYMANAGEMENT GUIDELINESGUIDELINES ON RISK MANAGEMENT PRACTICES JUNE 2003 - BUSINESS CONTINUITY MANAGEMENT MONETARY AUTHORITY OF SINGAPORE I TABLE OF CONTENTS INTRODUCTION ........................................ ........................................ . 1 READINESS IS YOUR ONLY 1 APPLICATION OF THE 3 GLOSSARY ........................................ ........................................ . 5 BUSINESS CONTINUITY MANAGEMENT 6 PRINCIPLE 1: BOARD OF DIRECTORS AND SENIOR MANAGEMENT SHOULD BE RESPONSIBLE FOR THEIR INSTITUTION S BUSINESS CONTINUITY MANAGEMENT .

GUIDELINES ON RISK MANAGEMENT PRACTICES JUNE 2003 - BUSINESS CONTINUITY MANAGEMENT MONETARY AUTHORITY OF SINGAPORE 1 1.0 INTRODUCTION 1.1 READINESS IS YOUR ONLY PROTECTION1 1.1.1 The global financial system is a set of interlinked networks of markets, systems, and participants. While financial institutions (“institutions”)2 acknowledge the need to strengthen their …

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