Regulatory Alerts2022-02-21 | cba-blob-11167Policy Paper on Business Continuity Management
The Centrale Bank van Aruba issues these guidelines to require financial institutions to implement comprehensive Business Continuity Management frameworks that minimize operational disruptions. Senior management must establish policies, conduct risk assessments, and maintain detailed Business Continuity Plans to ensure the timely recovery of critical functions. Institutions are mandated to regularly test these plans, update them based on changes or audit results, and ensure independent quality assurance through periodic audits.
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