Business Continuity - Standards and initiatives, links, glossary

Selected Standards and initiatives in the area of payments and securities settlement

1. Selected standards and initiatives at national level    

Federal Ministry of the Interior:

• Protection of critical infrastructures – baseline protection concept”, December 2005 (german only)
• Protecting critical infrastructures – risk and crisis management (A guide for companies and government authorities), September 2007 (german only)
• Farly detection and Mitigation of IT Crises
• IT Emergency and Crisis Exercises in Critical Infrastructures
• Appendices to the Concept of IT Emergency and Crisis Exercises in Critical Infrastructures

Federal Office for Information Security (BSI):

• Critical Infrastructure Protection (CIP) in Germany (german only)

Federal Office of Civil Protection and Disaster Assistance

2. Selected standards and initiatives of the European System of Central Banks (ESCB)

• Standards for the use of EU securities settlement systems in ESCB credit operations, European Monetary Institute (EMI), January 1998
• Core Principles for Systemically Important Payment Systems, Committee on Payment and Settlement Systems, January 2001,  –  adopted by the Governing Council of the ECB as the minimum standard for payments oversight within the corresponding euro payment systems
• Business continuity oversight expectations for systemically important payment system, ECB, June 2006
• Oversight standards for euro retail payment systems, ECB, June 2003
• Oversight framework for card payment schemes - standards, ECB, January 2008
• Electronic money system security objectives, (EMSSO report), ECB, May 2003

3. Selected standards and initiatives at European level (outside the ESCB)

• European Programm for Critical Infrastructure Protection (EPCIP)
• Directive 2006/31/EC of the European Parliament and of the Council of 5 April 2006 amending directive 2004/39/EC on markets in financial instruments, as regards certain deadlines

4. Selected international standards and initiatives

Bank for International Settlements (BIS)

• Core principles for systemically important payment systems, CPSS, January 2001
• Recommendations for securities settlement systems, CPSS/IOSCO, November 2001
• Recommendations for central counterparties, CPSS/IOSCO, November 2004
• High level principles for business continuity, Joint Forum, August 2006
• The interdependencies of payment and settlement systems, CPSS, June 2008
• Basel Committee on Banking Supervision announces steps to strengthen the resilience of the banking system, April 2008

Australia

• Risk Assessment and Business Continuity Management, Australian Prudential Regulation Authority, April 2005
• Prudential Standard APS 232 Business Continuity Management, Australian Prudential Regulation Authority, April 2005

Hong Kong

• Supervisory Policy Manual – Business Continuity Planing, Hongkong Monetary Authority, December 2002

Japan

• Business Continuity Planning at the Bank of Japan, Bank of Japan, September 2003
• Business Continuity Planning at Financial Institutions, Bank of Japan, July 2003

Singapore

• Business Continuity Management Guidelines, Monetary Authority of Singapore, June 2003

Switzerland

• Business continuity planning (BCP) in the Swiss financial sector, Swiss National Bank, February 2006

United States

• Interagency Paper on Sound Practices to Strengthen the Resilience of the U.S. Financial System, Federal Reserve System / Department of the Treasury Office of the Comptroller of the Currency / Securities and Exchange Commission, August 2003

5. Links to English language websites of EU/ESCB central banks

• Belgium
• Czech Republik
• SKD business continuity plan
• CERTIS business continuity plan
• European Central Bank
• Finland
• Greece
• Italy
• Latvia
• Lithuania
• Netherlands
• Poland
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
• United Kingdom

6. Glossary

• ESCB definitions of major business continuity terms relating to payment and securities settlement systems (glossary)