Best Practices in Business Continuity and Contingency Planning

• Jurisdiction: European Union
• Year: 2021
• Author: Moritz von Kunow

Speaker

Moritz is chief compliance officer, corporate secretary and heading legal services at Bank of Communications (Luxembourg) S.A. and Bank of Communications, Co., Ltd., Luxembourg Branch. He is also a permanent member of the European credit committee.

He joined his previous bank, Banque LBLux S.A., a former Luxembourg subsidiary of Bayerische Landesbank, in 2007. He was legal counsel in corporate banking covering the Benelux market. After several years of negotiating and implementing the restructuring of company and project loans, Moritz was appointed general counsel and later chief compliance officer.

Moritz is a German qualified lawyer, having read law in Göttingen and Berlin, as well as holding a LL.M. from Nottingham Law School. Having recently completed the ILA/INSEAD Aspiring Directors Program, he is an active member of Institut Luxembourgeois des Adminstrateurs, Association Luxembourgeoise des Juristes de droit Bancaire and Association Luxembourgeoise des Compliance Officers.

Topic

This comprehensive presentation delves into the realm of business continuity and contingency planning, examining the most effective strategies and practices for ensuring organizational resilience. By focusing on emergency response, disaster recovery procedures, and crisis readiness, this analysis aims to equip businesses with the tools and knowledge necessary to thrive in the face of adversity.

To begin, the presentation underscores the critical importance of emergency response protocols. It explores the key elements of a robust emergency response plan, emphasizing the need for clear communication channels, designated roles and responsibilities, and swift decision-making processes.

Furthermore, the presentation delves into the realm of disaster recovery procedures. It sheds light on the significance of proactively identifying potential threats and vulnerabilities, enabling businesses to develop comprehensive strategies for mitigating risks and minimizing the impact of disruptions.

Moreover, the presentation stresses the importance of regular testing and evaluation in business continuity planning. It highlights various testing methodologies and...