According to COBAC regulation R-2008/01 requiring credit institutions to prepare a business continuity plan in Cameroon, Credit institutions shall implement an effective business continuity plan project management approach to ensure that it achieves its objectives.
Credit institutions shall define, implement and monitor the business continuity management policy.
Assigning overall responsibility for business continuity management to an executive officer of the institution ensures that it is effectively managed.
The person in charge of steering business continuity management defines the strategy for the deployment of measures within this framework, takes into account the results of tests and controls of the business continuity plan, ensures that the strategy specified is in line with the company’s strategic development and objectives, is in compliance with regulatory requirements, decides on the internal and external communication strategy and ensures reporting on the progress of business continuity management.