Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (152/2021)
To all banks operating in Palestine
Date: Wednesday, April 28, 2021

Subject: Review of Business Continuity Plans

In order to safeguard the safety and stability of the banking sector and the continuity of its operations, and based on the best adopted standards, manuals, and our instructions regarding business continuity management in banks No. (2009/2) in this regard, and in line with the requirements of the Basel Committee, all banks are requested to provide us with the following:

1. A detailed report on the results of the business continuity plan testing for the Disaster Recovery Site (DRS) and the Business Administration Site (BAS) for the current year, by no later than 2021/09/30, including the objectives and scope of the test, responsibilities and roles, critical operations performed, conclusions, and evaluation.

2. Updated business continuity plans.

3. A commitment to conduct a review of all business continuity plans at least once a year in the future, following the receipt of our approval to conduct the tests.

---

Supervision Group
Palestine Monetary Authority

---

www.pma.ps

Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 info@pma.ps | Fax: +970 2 2415310 | Fax: | Tel: +970 2 2415251 | Telephone

Gaza - Palestine P.O. Box 4026
Gaza - Palestine P.O. Box 4026
Fax: +970 8 2844487 | Fax: | Tel: +970 8 2825713 | Telephone