Regulatory Alerts2017-02-27
Circular Re. Business Continuity Management Framework
The Saudi Arabian Monetary Authority (SAMA) issued a circular mandating all member organizations and banks operating in Saudi Arabia to fully comply with its new Business Continuity Management (BCM) Framework. The directive requires institutions to conduct a gap assessment and submit a compliance roadmap by May 2017, provide quarterly reports, and achieve full implementation of all framework requirements by January 2018. This framework establishes comprehensive governance, strategy, and operational controls to ensure organizational resilience and the continuity of critical banking services.
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