Environmental Risk Reporting and Information System
   
       
 

 
 

Business Continuity Planning is the process that identifies potential impacts which threaten an organization and provides a framework for building resilience and the capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand and value creating activities.

The objectives of a Business Continuity Plan (BCP) are to minimize loss to the organization; continue to serve customers and financial market participants; and mitigate the negative effects disruptions can have on an organization’s strategic plans, reputation, operations, liquidity, credit quality, market position, and ability to remain in compliance with applicable laws and regulations. Changing business processes (internally to the institution and externally among interdependent financial services companies) and new threat scenarios require financial institutions to maintain updated and viable Business Continuity Plans.

 


The guidelines follow the business continuity management lifecycle following the cycle from Stage 1 to Stage 5.

         

Stage1: Understanding Your Business

         

Stage 2: Business Continuity Management (BCM) Strategies

         

Stage 3: Developing and Implementing a BCM Response

         

Stage 4: Developing a BCM Culture

         

Stage 5: Exercising, Maintenance and Audit

         
         
         
         
         
         
 
 
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