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What is a business continuity plan

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Reference no: EM132818353

The Coronavirus (COVID 19) Pandemic has re-emphasised the need to integrate operational risk issues into the strategic management of universal banks.

a) What is a Business Continuity Plan (BCP)?

b) Explain the relevance of business continuity planning in the operations of a universal bank.

c) Explain the key components or elements of BCP that banks need to implement.

Reference no: EM132818353

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