The Malta Institute of Management and the Malta Union of Bank Employees are to hold a seminar on May 24 on the theme: Business Continuity and Disaster Recovery in the financial services sector.

They said that most firms in the financial sector are ready to deal with potential threats to business continuity. A recent survey of leading companies had shown that the major players in the financial system take their business continuity planning responsibility very seriously and would continue to refine their arrangements so as to maintain and increase their already high level of resilience.

One may pose, however, various questions such as whether there are also good cooperative mechanisms in place to facilitate these activities, both within the private sector and between the public and private sectors and encouraging signs that smaller companies are recognising the need for appropriate continuity plans. The seminar will be addressed by Malcolm Cheshire, Executive Director, Third Margin; by Joseph Agius from Bank of Valletta and Joseph Demanuele from the Malta Financial Services Authority.

For further information contact Tonia Zahra or Jacqueline Bugeja on Tel 2145 3097.

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