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  • Business continuity, contingency planning and security

    • OM-A.2.5

      The Agency requires its licensees to submit to the Agency a description of their succession plans for their senior management team. Amongst other things, banks should summarise who is covered by their succession plan, and confirm that the plan has been reviewed and endorsed at Board level. This information should be submitted to the Agency by the end of each calendar year.

    • OM-A.2.6

      All full commercial banks must implement security measures which satisfy the Agency's minimum requirements as laid out in Chapter OM-5. These measures include external physical security measures as well as internal measures for staff security and the handling of cash.