What is a business continuity plan

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Reference no: EM133904378

Assignment:

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

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

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

(iii). Explain the key components or elements of a Business Continuity Plan that banks need to implement.

(b). State and explain four (4) forms of information technology (IT) risk that universal banks in Ghana face.

(c). Discuss measures Ghanaian banks could undertake to mitigate each of the risks stated in (b) above.

Reference no: EM133904378

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