Implementing business continuity management systems and sharing best practices at a European bank
Abstract
This paper provides an overview of the methodology applied by the Alpha Bank Group in order to implement a business continuity management (BCM) programme to its parent company (Alpha Bank SA), as well as to its subsidiaries in Albania, Bulgaria, Cyprus, Former Yugoslav Republic of Macedonia, Greece, Romania, Serbia, UK and Ukraine. It also reviews the problems faced, how they were overcome and the lessons learned. When implementing a BCM programme in a large organisation, it is very important to follow the methodology described by BCM standard ISO 22301, otherwise the business continuity plan is unlikely to work efficiently or comply with the business recovery requirements, as well as with the requirements of other interested parties, such as customers, regulatory authorities, vendors, service providers, critical associates, etc.
The full article is available to subscribers to the journal.
Author's Biography
Stelios Aronis is Assistant Manager in the Organisation Division of Alpha Bank S.A. and Head of Business Continuity for the Alpha Bank Group. He has over 20 years’ experience in risk and business continuity management, international standards certifications management, financial reporting, treasury management, outsourcing monitoring, business process management and project management. Stelios has a BSc in business administration (Athens University of Economics and Business) and an MSc in business finance (Brunel University), and is certified as a risk and business continuity professional by the BCM Institute, Disaster Recovery Institute International and the Professional Risk Managers’ International Association.
Citation
Aronis, Stelios and Stratopoulos, Georgios (2016, February 1). Implementing business continuity management systems and sharing best practices at a European bank. In the Journal of Business Continuity & Emergency Planning, Volume 9, Issue 3. https://doi.org/10.69554/NKDE9462.
Publications LLP