Asian Development Bank publishes a document aimed at enhancing business continuity and cybersecurity in Asian Bond Markets

Published: Tuesday, 08 May 2018 07:51

In its role as Secretariat of the Cross-Border Settlement Infrastructure Forum (CSIF), the Asian Development Bank (ADB) has issued a new document to help establish a basic common understanding about business continuity and cybersecurity among CSIF members operating in Asian Bond Markets.

Entitled ‘Common Understanding on Cross-Border Business Continuity Planning and Cybersecurity,’ the document was presented during the recent 21st ASEAN+3 finance ministers and central bank governors meeting in Manila, the Philippines. ASEAN+3 is composed of the Association of Southeast Asian Nations (ASEAN) member countries, the People’s Republic of China, Japan, and the Republic of Korea.

The finance ministers and central bank governors were pleased with the publication and noted that the issues of business continuity planning and cybersecurity are essential for creating safe linkages among Central Securities Depository–Real Time Gross Settlement (CSD-RTGS) systems to ensure the resilience of increasingly interconnected financial systems.

Read the document (PDF).