Transcription of Business Continuity Management
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Business Continuity Management
Issued on: 14 December 2021 BNM/RH/ED 028-18 Business Continuity Management Exposure Draft Applicable to 1. Licensed banks 2. Licensed investment banks 3. Licensed Islamic banks 4. Licensed insurers 5. Licensed takaf ul operators 6. Prescribed development f inancial institutions 7. Operators of designated payment systems 8. Approved issuers of electronic money Business Continuity Management Exposure Draf t Issued on: 14 December 2021 This Exposure Draft (ED) sets out the proposed revisions to the current Guidelines on Business Continuity Management (Revised) issued by the Bank on 3 June 2011.
“business continuity plan” or “BCP” refers to a comprehensive action plan that documents the procedures, processes, systems and resources necessary to resume and restore the business functions of a financial institution in the event of a disruption; “business impact analysis” or “BIA” refers to the process of measuring the
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