Goldman Sachs Bank completed plan development of continuity and recovery of activity

On July 31, 2014 the Informzashita company announced development of a technique and order of testing of plans of ensuring continuity and restoration of activities (ensuring continuity and the recovery of activity) defining the scheme of actions of employees of the bank in emergencies by request of Goldman Sachs Bank.

Project Progress

Preparation for testing of plans of ensuring continuity and restoration of activities is carried out to Goldman Sachs Bank according to Provision of 12/16/2003 No. 242-P of the Central Bank of the Russian Federation "About the organization of internal control in credit institutions and banking groups". At testing plan development the staff of Informzashita analyzed contents of plans of ensuring continuity and restoration of activities of bank and adjacent plans from the most critical divisions, considered features of procedures of response to the emergency admitted to the companies. Studying and assessment of these parameters helped to develop an operations procedure at emergence of incidents and unforeseen situations.

"In banks of similar level there is own, well debugged methodology of ensuring continuity of banking activity — Evgeny Sachkov, the senior company auditor Informzashita told. — At the same time it is very important to observe additional requirements of the Russian legislation in banking sector, in particular — regularly to test and improve plans of ensuring continuity and restoration of activities. Accomplishment of joint works on this direction with Goldman Sachs Bank — serious experience for us thanks to which we can offer the Russian banks expert services taking into account the best world practices".