Manama, Kingdom of Bahrain – The Central Bank of Bahrain (CBB) has received ISO 22301:2019 Business Continuity – Management System (BCMS) certification after undergoing audit procedures, meeting all standard requirements and passing the audit process. The ISO 22301:2019 BCMS is an internationally recognized certification that has been awarded to CBB for its efforts in adopting the best international standards to ensure business continuity, its application of best practices to ensure continuity and the preparation to be made dealing with potential risks and sustainability in the provision of banking services. services and its effective supervisory and regulatory role.
ISO provides an approved standard for organizations to assess their level of efficiency and their business continuity capabilities and functions, even in times of crisis.
Commenting on the occasion, Mr. Yousef Rashid Al Fadhel, CBB’s Executive Director of Corporate Services said, “This is another milestone achievement for CBB. We commend the efforts of our employees in achieving our strategic objectives and our vision to provide sustainable systems to ensure business continuity and contribute to strengthening the role of the banking sector in an integrated economic system. Engagement in such Business continuity management and crisis preparedness initiatives have paid off in overcoming the repercussions of the Covid 19 pandemic, while ensuring security and sustainability and uninterrupted business development. »
Mr. Tareq Mohammed Al Alawi, Director of Information Technology at CBB, underscored the importance of this certification, saying, “We are delighted and honored to receive this outstanding certification. This step is part of the CBB’s efforts to adopt the best international standards and practices in various administrative systems to improve the performance of the banking sector in the Kingdom. This achievement confirms our desire to continue to develop information security systems, in the aim of ensuring business continuity in times of crisis, the availability and responsiveness of the CBB, the reduction of It is one of the priorities of the CBB to develop its business continuity management system with the aim of overcome any crisis that may arise at any time, and thus provide a continuous and efficient service to ensure the continuity of the bank’s supervisory and regulatory obligations. This international certification demonstrates the importance of flexi in the event of unforeseen events and applying international standards to ensure compliance with best practices. »