Business Continuity Planning (BCP) In The Swiss Financial Sector

On 6 February 2006, a working group headed by the Swiss National Bank published recommendations on contingency planning and crisis management for the Swiss financial centre. They are contained in the report "Business Continuity Planning in the Swiss Financial Centre". The working group also included representatives of the Swiss Federal Banking Commission, the operators of key financial market institutions such as SIS Swiss Financial Services Group, SWX Swiss Exchange and the Telekurs Group, and important participants in the financial centre such as Credit Suisse, PostFinance and UBS.

On 6 February 2006, a working group headed by the Swiss National Bank published recommendations on contingency planning and crisis management for the Swiss financial centre. They are contained in the report "Business Continuity Planning in the Swiss Financial Centre". The working group also included representatives of the Swiss Federal Banking Commission, the operators of key financial market institutions such as SIS Swiss Financial Services Group, SWX Swiss Exchange and the Telekurs Group, and important participants in the financial centre such as Credit Suisse, PostFinance and UBS.

 

The report evaluates the state of BCP in the Swiss financial sector and identifies measures for improvement. It is based on an analysis aimed at ensuring the stability of the financial system. The objective is to prevent a major disruption in critical business processes from affecting the entire financial system. Another focus is on ensuring that the measures in place can actually be implemented if necessary and that the action taken is well coordinated, even in unexpected situations.

 

. "Swiss National Bank." . . Swiss National Bank. 1.31.08 <http://www.snb.ch/en>.