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Common Understanding on Cross-Border Business Continuity Planning and Cybersecurity

Publication | May 2018
Common Understanding on Cross-Border Business Continuity Planning and Cybersecurity

A common understanding on cross-border business continuity planning and cybersecurity is important in establishing central securities depository and real-time gross settlement linkages in ASEAN+3 countries.

The Cross-Border Settlement Infrastructure Forum (CSIF), a forum under Task Force 4 of the Asian Bond Markets Initiative published the Common Understanding on Cross-Border Business Continuity Planning (BCP) and Cybersecurity during the 21st ASEAN+31 Finance Ministers and Central Bank Governors meeting in Manila, the Philippines. The objective of the publication is to create basic common understandings among CSIF members. The finance ministers and central bank governors were pleased with the publication and noted that the issues of BCP and cybersecurity are essential for creating safe linkages among Central Securities Depository–Real Time Gross Settlement (CSD-RTGS) systems to ensure the resilience of increasingly interconnected financial systems.

1ASEAN+3 is composed of the Association of Southeast Asian Nations (ASEAN) member countries, the People’s Republic of China, Japan, and the Republic of Korea.

Contents 

  • Overview
  • Introduction
  • Cross-Border Central Securities Depository‑Real-Time Gross Settlement Linkages
  • The Importance of Cross‑Border Business Continuity Planning and Cybersecurity
  • Common Understanding on Cross-Border Business Continuity Planning and Cybersecurity Frameworks
  • Next Steps