Difference between revisions of "Important Business Services"
Jump to navigation
Jump to search
| (12 intermediate revisions by the same user not shown) | |||
| Line 2: | Line 2: | ||
|- | |- | ||
| '''1.''' Important Business Services is a service provided by an organisation, or by another person on behalf of the organisation, to one or more clients which, if disrupted, could: | | '''1.''' Important Business Services is a service provided by an organisation, or by another person on behalf of the organisation, to one or more clients which, if disrupted, could: | ||
| − | * cause | + | |
| + | * cause [[Intolerable Harm| intolerable harm]] to any one or more of the organisation’s clients, or | ||
* pose a risk to the soundness, stability or resilience of the financial system or the orderly operation of the financial markets. | * pose a risk to the soundness, stability or resilience of the financial system or the orderly operation of the financial markets. | ||
| − | |||
| + | '''''Notes (1)''''': For precise usage of this term, refer to [https://blog.bcm-institute.org/operational-resilience/regulatory-requirement-for-operational-resilience FAC and PRA regulations] whereby they outline what constitutes an “important business service” | ||
| + | |||
| + | '''''Notes (2)''''': Example of Banking Business Services includes Cash transactions, Lending, Deposit-taking, Treasury, Private banking, Wealth management, Investment banking, Corporate finance and Trade services | ||
| + | |||
| + | '''''Notes (2)''''': Example of Insurance Business Services includes Claims servicing, Policy renewal and servicing, and Policy inception | ||
{{Template:BL-OR-5 banner}} | {{Template:BL-OR-5 banner}} | ||
| − | <br>'''Related Term''': [[Operational Resilience| Operational Resilience]], [[Important Business Services| Important Business Services]], [[Critical Business Services| Critical Business Services]], [[Critical Business Functions (CBF)| Critical Business Function]],<br/> | + | <br>'''Related Term''': [[Operational Resilience| Operational Resilience]], [[Important Business Services| Important Business Services]], [[Critical Business Services| Critical Business Services]], [[Critical Operations]], [[Critical Business Functions (CBF)| Critical Business Function]], [[Levels of Harm| Levels of harm]], [[Intolerable Harm| Intolerable harm]], [[Harm]], [[Inconvenience]], [[Important Business Services| Important Business Services]] <br/> |
{{Template:BCM Course}}<br> | {{Template:BCM Course}}<br> | ||
| Line 25: | Line 30: | ||
[[Category:BCM Institute OR Glossary]] | [[Category:BCM Institute OR Glossary]] | ||
| − | [[Category:BcmBoK | + | [[Category:BcmBoK 1 CL 1B]] |
| − | [[Category:BcmBoK | + | [[Category:BcmBoK 1 CL 1C]] |
| − | [[Category:BcmBoK | + | [[Category:BcmBoK 1 CL 1CC]] |
| − | [[Category:BcmBoK | + | [[Category:BcmBoK 1 CL 1D]] |
| − | [[Category:BcmBoK | + | [[Category:BcmBoK 1 CL 1OR]] |
Revision as of 04:59, 16 March 2023
1. Important Business Services is a service provided by an organisation, or by another person on behalf of the organisation, to one or more clients which, if disrupted, could:
Notes (2): Example of Banking Business Services includes Cash transactions, Lending, Deposit-taking, Treasury, Private banking, Wealth management, Investment banking, Corporate finance and Trade services Notes (2): Example of Insurance Business Services includes Claims servicing, Policy renewal and servicing, and Policy inception
| ||||||||||||||||||||||||||||||||||||
