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Business Continuity Management System

Compliance, Continuity, Confidence-Empowering Operational Stability

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Overview

Businesses today are part of a complex value chain spanning suppliers, partners, enablers and customers – spread across geographies and industries, creating a risk profile that is not easy to maneuver. Complex legal and regulatory requirements that different markets pose contribute to this challenge. Managing this risk landscape requires a strong risk management framework and governance system that provides companies the ability to forecast, respond and recover from impacts created by such risks. 

Business Continuity Management System (BCMS) – effectively a critical component of a company’s Enterprise Risk Management ecosystem – is a combination of interrelated strategies, policies, processes and tools that helps manage disruptions and ensure continuity of operations. 

We help companies adopt global standards such as ISO 22301;2019 to better manage their business continuity needs. Our interventions are need-based, solution-oriented, scalable and holistic making it effective from the start. By leveraging technology where necessary, we empower businesses to navigate uncertainties with confidence, safeguard reputation and ensure compliance. 

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ISO 22301:2019

  • ISO 22301:2019, the global standard for Business Continuity Management Systems (BCMS) by the International Organization for Standardization (ISO), fortifies organizations against disruptions.  
  • It mandates a comprehensive framework for establishing, implementing, and continuously enhancing management systems to ensure protection, mitigation, and recovery.  
  • Universally applicable, it’s crucial for industries like energy, transport, health, and public services where continuity is paramount. 
Bangko Sentral ng Pilipinas (BSP) Circular No. 951

  • Bangko Sentral ng Pilipinas (BSP) Circular No. 951, issued on March 20, 2017, mandates business continuity management guidelines for BSP-supervised financial institutions (BSFIs). 
  • Compliance involves conducting annual enterprise-wide testing and periodic reviews. 
  • It applies to banks, non-banks with quasi-banking functions, electronic money issuers, and other BSP-supervised institutions. 
  • Non-compliance may lead to BSP enforcement actions, including directives for improvement or sanctions. Penalties can be monetary or non-monetary for BSFIs and their personnel under BSP regulations. 

How we can help

 Maturity Assessment

 Maturity Assessment

Assess the organizational current state from a sustainability management perspective.

Gap Assessment

 Gap Assessment


Assess and report on current state vs requirements of ISO 22301 or any regulatory/market requirements

Business Impact Analysis (BIA)

 Business Impact Analysis (BIA)


Quantify the impact of disruptions to allow precise resource allocation for mitigation. 

Risk Assessment (RA)

  Risk Assessment (RA)


Identify and evaluate potential threats to develop robust risk mitigation plans.

Business Continuity Planning (BCP)

 Business Continuity Planning (BCP)


Collaborative development of comprehensive plans to minimize downtime during crises.

BCM and ERM Alignment

 BCM and ERM Alignment


Provide guidance on aligning risk management practices at the organizational level.

BCP Testing

 BCP Testing


Testing gaps in the existing BCP – from a documentation, knowledge and implementation standpoint.

Internal Audit

 Internal Audit


Planning and execution of independent assessments before external audits as necessary.

Benefits

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