The ISO 22301:2019 enables a company to reduce the likelihood of disruptions to its operations, whilst preparing for, responding to and recovering swiftly from such an unexpected event in a timely and effective manner through Business Continuity Management.
Our experts at Vassallo Associates will assist in prioritising different threats to a business by understanding the needs of the organisation and providing support in establishing the necessary policies and objectives that are essential in managing disruptive incidents.
Continuously monitoring and reviewing the system is paramount. We will ensure that you remain at the forefront of your business in the event of a disruptive incident.
These recent times have shown all of us the unpredictability of the modern world. Many businesses are now looking for a way to protect themselves against any future unforeseen situations that may arise. Implementing a robust Business Continuity Management System is a very effective way of doing this.
Please watch this short video to learn more about how ISO 22301 can benefit your organisation.
Organisations without an effective Business Continuity Management System in place risk significant vulnerability and the resulting impact on their employees, customers and suppliers. BS ISO 22301 gives your organisation access to the requirements of a BCMS that will enable your organisation to prepare for disruptive incidents that might otherwise prevent you from achieving your objectives.
The recent COVID-19 situation is just one example of an unforeseen event that had a huge impact on businesses all over the World.
Benefits of achieving ISO 22301 certification:
Makes your business more resilient to risk
Instils confidence in partners entering into relations with you
Maximises your potential to continue your business activity
Contribution to the development of a more robust society
Important update for UK financial services companies
The Financial Conduct Authority (FCA), in conjunction with the Bank of England and the Prudential Regulation Authority (PRA) have developed new rules and guidance to improve the operational resilience of the UK financial sector.
The FCA has stated that by 31 March 2022, firms must have:
√ identified their important business services √ set impact tolerances for the maximum tolerable disruption and √ carried out mapping and testing to a level of sophistication necessary to do so √ firms must also have identified any vulnerabilities in their operational resilience
Subsequently, as soon afterwards as practicable but no later than 31 March 2025, firms must have “performed mapping and testing so that they are able to remain within impact tolerances for each important business service”.
This is underpinned by a requirement to make appropriate and necessary investments to enable firms to consistently operate within their impact tolerances.
As you consider your strategy for ensuring you meet your March 2022 obligations towards Operational Resilience, consider the value in investing in an internationally recognised Operational Resilience standard such as ISO 22301 Business Continuity Management. Four reasons why this might be a business enabler and game-changer for your organisation are highlighted below:
Utilising our team of specialist Security & Resilience and ISO Lead Auditors, we can help you to implement the ISO 22301 Business Continuity Management Standard; and meet the FCA requirements.
Contact us today to arrange a time that suits you for a no-obligation consultation to discuss the implementation of such a system into your organisation.