Manama, Kingdom of Bahrain – The Central Financial institution of Bahrain (CBB) has been given the ISO 22301:2019 certification in Business enterprise Continuity – Management Program (BCMS) just after going through audit processes, meeting all normal specifications and productively passing the audit process. The ISO 22301:2019 BCMS is an internationally acknowledged certification which was awarded to CBB for its initiatives in adopting the ideal intercontinental standards to be certain continuity of small business, its software of greatest practices to ensure continuity and readiness to address prospective risks and sustainability in offering banking expert services and its successful supervisory and regulatory purpose.
ISO provides an authorized normal for companies to assess their amount of efficiency and organization continuity abilities and obligations even during situations of crises.
Commenting on this event, Mr. Yousef Rashid Al Fadhel, Govt Director of Corporate Solutions at CBB, said: “This is an additional milestone accomplishment for the CBB. We praise the efforts of our workers in reaching our strategic aims and vision in offering reputable and sustainable techniques to assure continuity of business enterprise and contributing to strengthening the job of the banking sector inside an integrated financial procedure. The determination to these kinds of small business continuity administration and crises readiness initiatives has paid out off in overcoming the repercussions of the Covid 19 pandemic, whilst ensuring workers security and the sustainability and progress of business enterprise without interruption. “
Mr. Tareq Mohammed Al Alawi, Director of Data Technologies at CBB, stressed the great importance of this certification, expressing, “We are delighted and honored to acquire this excellent certification. This step is component of the CBB’s endeavours to adopt the ideal worldwide expectations and practices in different administrative techniques to strengthen the efficiency of the banking sector in the Kingdom. This achievement confirms our commitment to continue on to build info security methods, with the intention of ensuring the continuity of business enterprise all through crises, the CBB’s readiness and responsiveness, minimizing the chance of occurrence, and restoration time. It is section of the CBB’s priorities to create its enterprise continuity management system with the aim to defeat any crisis that may possibly arise at any time, and hence supplying an ongoing and productive company to be certain the continuity of the bank’s supervisory and regulatory obligations. This international certification demonstrates the great importance of versatility when unforeseen activities come about and implementing global benchmarks to ensure that best practices are adhered to.”