Central Bank of Egypt Completes the Annual Drill for Business Continuity Plans and Business Continuity System (BCMS) Operating from Alternative Sites/Remote Work

As part of the Central Bank of Egypt's (CBE) commitment to adopt and implement the best international standards and practices in Business Continuity Management (ISO 22301), ensuring the Bank's ability to respond efficiently to crises and emergencies. Risk Management Sector organized the annual drill for the Business Continuity Plans and Business Continuity Management System (BCMS) on Thursday, December 5, 2024.

The drill was conducted in collaboration with Information Technology Sector and all supporting departments, simulating a normal working day operating from CBE's alternative sites and branches, in addition to remote work methodology connected to Disaster Recovery site.

This drill was also performed in coordination with all internal and external stakeholders to strengthen the Bank's capability of managing its activities and services, as well as critical transactions effectively during emergencies/crises; achieving stability and enhancing confidence in the fulfillment of the Bank's domestic and international obligations.

The scope of the annual drill includes a set of pre-determined and potential scenarios for disruptions and threats, in accordance with the approved scope of Business Continuity Plan, to assess the readiness and preparedness of CBE and the ability of alternative/ Disaster Recovery sites to operate effectively during emergencies, ensuring the CBE's sustained competence to fully perform its functions and activities.