Circular 2009 status not recorded
Banque du Liban Basic Circular No. 123 (Basic Decision No. 10227 of 21 August 2009) on Business Continuity Plan
Issued by Banque du Liban
Effective: 21 Aug 2009
Summary
Requires each bank to prepare a business continuity plan covering disaster prevention and detection, operation during and after a disaster and the return to normal (Art. 1), built on ISO/IEC 27002-2005 principles including alternate site, data transfer, security and testing (Art. 2). External auditors check that a plan exists and is adequate (Art. 4). The text does not address outsourcing or cloud services.
Topics: Cybersecurity & IT Risk Operational Risk & Outsourcing
Who it applies to
Banking
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Business continuity plan | Plan within one year of the 2009 decision; simulation at least once; update on changes | BDL | official | |
Art. 1 of Basic Decision 10227 requires each bank to prepare a business continuity plan, which under Art. 2 includes an alternate site, secure data transfer, staff training, testing and updating; a disaster simulation must be run at least once. The text says banks had one year from promulgation to prepare the plan, and Art. 4 has external auditors verify it exists and is adequate. |
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| No obligations match these filters. | ||||
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