Basel Committee On Banking Supervision International Organization Of Securities Commissions International Association Of Insurance Supervisors
High-level principles for business continuity.
1. Business continuity is an ongoing priority for financial industry participants and financial authorities.1 Recent acts of terrorism in New York, London, Istanbul, Madrid and elsewhere, outbreaks of Severe Acute Respiratory Syndrome (SARS) and the Avian Flu, and various widespread natural disasters have served to heighten that priority by underlining the substantial risk of major operational disruptions to the financial system.
2. Financial authorities and financial industry participants have a shared interest in promoting the resilience of the financial system to major operational disruptions. This interest is the result of multiple factors, including:
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