Regulatory Alerts2003-10-08
Added · Updated
Business continuity planning considerations relating to SARS
The Hong Kong Monetary Authority issued this circular to authorized institutions, recommending specific measures to enhance business continuity planning in response to potential SARS outbreaks. The regulator advises institutions to maintain strict hygiene standards, establish clear senior management command structures, and ensure robust communication channels with staff, customers, and the HKMA. Additionally, the document mandates reviewing IT capacity for electronic channel surges, verifying supplier preparedness, and testing backup facilities and mobile workforce strategies to ensure operational resilience.
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