In accordance with COBAC Regulation R-2008/01 requiring credit institutions to prepare a business continuity plan, Credit institutions should incorporate the risk of a major operational disruption into their business continuity management approaches.
Business continuity management approaches developed by credit institutions must include ways to respond to a major operational disruption that may affect their operations.
The anticipation of appropriate measures to recover from a major operational disruption must be based on the specific characteristics and risk profile of the credit institution.