Payment systems

Business continuity information-sharing

This initiative is aimed at sharing information on business continuity between institutions, as the interdependence which exists in the financial system requires close co-ordination. Therefore, sharing relevant information is an essential issue. In the framework of the European System of Central Banks (ESCB), the reasons behind this exchange of information are threefold:

1. To contribute to increasing the security and efficiency of European infrastructures through the exchange of relevant information on national experiences, standards, etc .
2. To facilitate the provision of coherent, up-to-date and easily accessible information on European or international standards or initiatives, and links to relevant information maintained by other European Central Banks.
3. To foster a better co-ordination of business continuity, which is especially relevant when there is a disruption in the way systems normally operate.