Learning Objectives:

  • Understand the components of business continuity and disaster recovery planning.

  • Explain fault-tolerant systems and high availability.

  • Describe operational resilience strategies.

4.1 The Importance of Business Continuity in Banking

Banks must ensure that critical functions can continue during and after a disruption. The IIBF syllabus covers “Business Continuity & Disaster Recovery” as a core topic . The Egyptian Banking Institute course covers “Operational resilience” as a key concern .

Disaster Phases:
The IIBF syllabus covers “Downtime Phases” as part of business continuity planning .

Backup Strategies:
The IIBF syllabus covers “Backups” as part of business continuity planning .

4.2 Business Continuity Planning

A comprehensive business continuity plan typically includes:

Risk Assessment:
Identifying potential threats to banking operations.

Business Impact Analysis:
Identifying critical functions and recovery priorities.

Recovery Strategies:
The IIBF syllabus covers “Downtime Phases, Backups” .

4.3 Fault-Tolerant Systems and High Availability

The IIBF syllabus covers “Fault Tolerant Systems” as a core topic, including “High Availability (HA), SOA Principles” .

High Availability (HA):
Systems designed to minimize downtime and ensure continuous operation.

SOA Principles:
Service-Oriented Architecture principles for building resilient systems.

4.4 Operational Resilience

The SUSS course covers “Systems reliability, availability and recoverability” as a core topic . The Egyptian Banking Institute course covers “Operational resilience” as a key concern .

Key Operational Resilience Principles:

  • Identification of Critical Functions: Identifying business services that must be maintained.

  • Mapping Dependencies: Understanding the people, processes, and technology that support critical functions.

  • Resilience Testing: The H.L. College of Commerce syllabus includes “Core Banking Solution Evaluation of Security and Controls” as a case study .

  • Incident Response: The IIBF syllabus covers “Incident Management” including response plans and awareness .

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