Egypt’s central bank has announced on Saturday that it had successfully received the ISO 22301:2019 certification in Business Continuity Management (BCM) from MSECB.
The MSECB is a leading global provider of management systems certifications in the Middle East and North Africa. In partnership with Ofouq Integrated Solutions, MSECB is a key subcontractor for MEA region under the accreditation of IAS, for audit certificates in various industries and different business fields.
“The certification was awarded as an endorsement to the efforts accomplished by the CBE to ensure the continuity of all its critical activities during times of crises and emergencies to preserve banking stability, enhance markets’ confidence in the bank’s ability to fulfill the local and international liabilities.” a Central Bank of Egypt (CBE) statement read.
The certificate reflects the robust business continuity management system in place. This system was established and implemented in conformance to ISO 22301 standards to effectively and efficiently handle any potential business disruptions, minimise downtime, shorten recovery time, and demonstrate CBE’s organisational resilience, in order to maintain its functionality and its prominence locally and internationally.
Developed by the International Organization for Standardization (ISO) – The ISO 22301:2019 certificate is the international standard for business continuity management in organisations in accordance with the latest international best practices in this regard. It ensures the identification and management of existing and potential risks that may negatively affect the business progress during emergency incidents.
The adoption of ISO 22301 standards demonstrates the Egyptian central bank’s readiness and responsiveness to overcome any unexpected crisis that may occur at any time to ensure the continuity its critical functions.
