2008-01-10

Banking Circular No 1 of 2008 - Prudential Guidelines on Business Continuity Management (BCM)

The Central Bank of Kenya has issued Prudential Guideline No. CBK/PG/14 on Business Continuity Management (BCM) to ensure the business operations of licensed financial institutions are not disrupted by major disruptions. This guideline sets minimum standards for all commercial banks, mortgage finance companies, and non-bank financial institutions. It is expected that they will integrate BCM principles within their overall risk management framework. The guideline is effective from March 2008 and is available on the CBK website. Violations attract remedial measures as specified under the Banking Act and Regulations thereof.

Kenya

Central Bank of Kenya

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