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ØTo develop the business continuity planning, NRB use a six-step processes as follows:
Step 1: Document bank’s activities and critical processes and systems and updating
Step 2: Undertake business impact analysis to assess probability and impact
Step 3: Develop Business Continuity Plan (BCP)
Step 4: Implement or update BCP
Step 5: Training to introduce into the day-to-day operations of the bank
Step 6: Regular testing
ØNRB management develops a Risk Management Framework including business continuity planning as a priority for the operational risks that they face and critical functions and activities that they perform. The development of a BCP should also be an integral part of the day-to-day operations of the bank. The six-step process to develop, implement, test and maintain the BCP will provide the bank with the practical steps needed to ensure that this occurs.
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