A 2-day intensive course on Business Continuity and Scenario Planning focused on the banking / financial institution environment with a view to providing Banking Professionals with a firm foundation of the standards of best practice in the critical area Business Continuity Planning.
Business Continuity Planning is the process by which an organization ensures the maintenance or recovery of operations, including services to customers when faced with disruptive events such as natural disasters, technological failures, human error or terrorism. Business continuity is an ongoing priority for financial industry participants. Acts of terrorism over the past decade in New York, London, Istanbul, Madrid and elsewhere, the increasing frequency of data breaches such as the 2014 hacking of Sony’s computer system, outbreaks of Severe Acute Respiratory Syndrome (SARS), the Avian Flu and the West African Ebola crisis, as well as various widespread natural disasters such as the 2011 Japanese Earthquake, Tsunami & Nuclear Power Plant Failure, the 2004 Asian Tsunami and Hurricane Katrina, have served to heighten that priority by underlining the substantial risk of major operational disruptions to the financial system.
This course includes detailed business continuity case studies and an interactive section on developing effective scenarios.
WHY SHOULD YOU ATTEND :
The objectives of this course is to provide professionals in the banking and financial sector with a sound foundation in the area of Business. Participants will be able to identify potential risks and their impact as well as to prepare and implement action plans dealing with the business continuity recovery process in their own institutions as well. A key tool in this process is scenario planning.
This is a highly interactive course comprised of PowerPoint presentations, case studies, multidirectional discussions, and exercises.
AREAS COVERED IN THE SESSION :
Financial authorities and financial industry participants have a shared interest in promoting the toughness of the financial system to major operational disruptions. This interest is the result of many factors, including:
- The vital role that financial intermediation plays in facilitating and promoting national and global economic activity by providing the means for making and receiving payments, for borrowing and lending, for effecting transactions, for insuring risks, and for raising capital and promoting investment
- The increasing complexity and operational risk across financial systems.
- The concentration of clearing and settlement processes in most financial systems.
- Deepening interdependencies among financial industry participants within and across jurisdictions.
- The recurring pattern of natural disasters or extreme weather conditions.
- The possibility of terrorist or other malicious attacks targeted, directly or indirectly, at the infrastructure of the financial system and its many participants.
- A strong interest in maintaining public confidence in financial systems.
16.5 CPE Credits