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Guidelines
 Published Date: 01 June 2003

​Business Continuity Management Guidelines

Sets out sound business continuity management (BCM) principles that financial institutions are encouraged to adopt, so as to strengthen their ability to recover critical business functions in the event of disruptions.
Applies to: Full Bank (Locally Incorporated) , Full Bank (Branch) , Wholesale Bank (Branch) , Wholesale Bank (Locally Incorporated) , Merchant Bank (Locally Incorporated) , Merchant Bank (Branch) , Direct Insurer (Life) , Direct Insurer (General) , Direct Insurer (Composite) , Reinsurer (Life) , Reinsurer (General) , Reinsurer (Composite) , Captive Insurer , Lloyd's Asia Scheme , Financial Holding Company (Insurance) , Dealing in Capital Market Products , Product Financing , Licensed Fund Management Company , Corporate Finance Advisory , REIT Management , Registered Fund Management Company , Credit Rating Agency , Securities Crowdfunding , Venture Capital Fund Management Company , Exempt Futures Broker , Exempt OTC Derivatives Broker , Providing Custodial Services , Exempt Corporate Finance Adviser Serving Accredited Investors , Approved CIS Trustee , Exempt Trust Company , Licensed Trust Company , Exempt Person Providing Trust Services
View Document ​Business Continuity Management Guidelines (82.8 KB)

The guidelines cover key principles for financial institutions to apply taking into consideration the activities that they engage in and the markets in which they conduct transactions. The principles cover several areas, including:

  • Responsibilities of the Board of Directors and senior management.
  • Recovery strategies and recovery time objectives.
  • Interdependency risk.
  • Wide-area disruptions.
  • Concentration risk.
  • Testing of business continuity plans.

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