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. Drawing from the lessons learnt from the recent pandemic, the proposals aim to strengthen the state of preparedness of financial institutions to withstand operational disruptions and improve their operational resilience .
1.2 Business continuity is an integral pillar of operational resilience. Business continuity management (BCM) entails an enterprise-wide framework, policies and processes that enable financial institutions to respond, recover and resume operations of critical business functions from operational disruptions that arise
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