BB joins UK-based Business Continuity Institute

The Bangladesh Bank has obtained corporate membership of the UK-based international professional body Business Continuity Institute (BCI).

In a press release issued today (8 April), the central bank said it has taken an initiative to develop an upgraded version of its Business Continuity Plan (BCP) 2015, titled BCP Version 2.0. 

The update aims to strengthen operational continuity, stability and resilience, with the BCI membership expected to support alignment with global standards.

Founded in 1994, BCI provides standards, research and training in business continuity management, operational resilience and crisis management worldwide. Through this membership, Bangladesh Bank will gain access to guidelines, tools and international best practices.

Officials of the central bank will have opportunities to participate in international training, certification programmes, seminars and research, which may contribute to enhancing professional skills and institutional capacity.

Bangladesh Bank said the membership will help ensure continuity of its internal operations and may contribute to confidence in the country’s financial system. It also noted potential improvements in transparency, accountability and efficiency through association with a recognised international platform.

BCI includes thousands of professionals from central banks and financial institutions worldwide. Bangladesh Bank said being part of this network could create opportunities for international cooperation and knowledge sharing.

Analysts said the step may support Bangladesh Bank’s efforts to strengthen its position as a modern and resilient central bank.