Regulatory Alerts2021-01-01
Business Continuity Management Guidelines for Banks and Financial Institutions 2021
Issued by the Bank of Tanzania, these guidelines require all banks and financial institutions to establish formal Business Continuity Management policies, dedicated teams, and comprehensive recovery plans. The framework assigns clear oversight to the Board and Senior Management while mandating annual Business Impact Analyses, risk assessments, and systematic testing of operational resilience. Institutions must maintain primary data centers within Tanzania, secure geographically separated recovery sites with reliable backup power, and implement robust communication protocols for domestic and cross-border disruptions.
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