Implementing business continuity management systems and sharing best practices at a European bank

Stelios Aronis and Georgios Stratopoulos
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Stelios Aronis: Alpha Bank Group, Greece

Journal of Business Continuity & Emergency Planning, 2016, vol. 9, issue 3, 203-217

Abstract: This paper provides an overview of the methodology applied by the Alpha Bank Group in order to implement a business continuity management (BCM) programme to its parent company (Alpha Bank SA), as well as to its subsidiaries in Albania, Bulgaria, Cyprus, Former Yugoslav Republic of Macedonia, Greece, Romania, Serbia, UK and Ukraine. It also reviews the problems faced, how they were overcome and the lessons learned. When implementing a BCM programme in a large organisation, it is very important to follow the methodology described by BCM standard ISO 22301, otherwise the business continuity plan is unlikely to work efficiently or comply with the business recovery requirements, as well as with the requirements of other interested parties, such as customers, regulatory authorities, vendors, service providers, critical associates, etc.

Keywords: banking; BCM; BCMS; business impact analysis; business continuity strategy; disaster recovery; exercising and testing; ISO 22301; risk assessment; resilience; plan development (search for similar items in EconPapers)
JEL-codes: M1 M10 M12 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jbcep0:y:2016:v:9:i:3:p:203-217

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