Solomon Islands central bank in contingency planning push
Central bank asks financial institutions to establish boards for crisis management
The Central Bank of Solomon Islands has issued new prudential guidelines for financial institutions requiring them to submit business continuity plans to the central bank.
In a document published on November 21, the central bank’s board of directors announced that financial institutions would be required to have a “minimum framework” in place to help them “rebound” in times of disaster.
“This means that core businesses or services can return to normalcy quickly as they can still have access
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