Bahrain – The Central Bank of Bahrain (CBB) has received ISO 22301:2019 Business Continuity Management System (BCMS) certification after undergoing audit procedures, meeting all standard requirements and passing the auditing process.
The ISO 22301:2019 BCMS is an internationally recognized certification that has been awarded to CBB for its efforts in adopting the best international standards to ensure business continuity, its application of best practices to ensure continuity and the preparation to be made dealing with potential risks and sustainability in the provision of banking services. services and its effective supervisory and regulatory role.
ISO provides an approved standard for organizations to assess their level of efficiency and their business continuity capabilities and functions, even in times of crisis.
Regarding the key achievement, Yousef Rashid Al Fadhel, Executive Director of Corporate Services at CBB, said, “Our employees’ efforts are indeed commendable in achieving CBB’s strategic objectives and vision by delivering reliable and sustainable systems. to ensure business continuity and help strengthen the role of the banking sector within an integrated economic system.
“The commitment to such business continuity management and crisis preparedness initiatives has paid off in overcoming the repercussions of the Covid 19 pandemic, while ensuring staff safety and the sustainability and development of activities without interruption,” he noted.
Tareq Mohammed Al Alawi, Chief Information Officer at CBB, said, “We are delighted and honored to receive this outstanding certification. This step is part of the CBB’s efforts to adopt international best standards and practices in various administrative systems to improve performance. of the banking sector in the kingdom.
“This achievement confirms our commitment to continue to develop information security systems, with the aim of ensuring business continuity during crises, CBB preparedness and responsiveness, reduction of the probability of occurrence and recovery time,” Al Alawi noted.
“It is among the priorities of the CBB to develop its business continuity management system with the aim of overcoming any crisis that may arise at any time, and thus provide a continuous and efficient service to ensure the continuity of the supervisory missions. and banking regulation. he added.
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