Bangladesh Bank (BB) has achieved a significant international landmark by becoming a corporate member of the UK-based Business Continuity Institute (BCI).
This strategic move is aimed at enhancing the central bank’s operational continuity, stability, and risk-resilience framework. The development is also relevant to the central bank's ongoing efforts to modernise financial infrastructure, according to a press release issued on Wednesday.
The membership will play a pivotal role as Bangladesh Bank works on developing 'BCP Version 2.0', an upgraded version of its existing Business Continuity Plan (BCP) from 2015. By aligning with BCI – a globally recognised authority established in 1994 – the central bank aims to synchronise its operations with international standards for crisis management and operational resilience.
Through this partnership, the central bank will gain direct access to cutting-edge knowledge, specialised tools, and global best practices in Business Continuity Management (BCM) and Organisational Resilience. Central bank officials will also benefit from international training, certifications, seminars, and research opportunities provided by the BCI platform.
The BCI currently engages with nearly 10,000 professionals across various central banks, international commercial banks, and reputable financial and non-financial institutions worldwide.
The central bank stated that this membership is not just an internal upgrade but a step toward securing the overall financial system of the country. By collaborating with a world-renowned professional body, Bangladesh Bank expects to improve transparency, accountability, and efficiency in its operations.
"This membership opens new doors for international cooperation and capacity building," the press release noted.
It further emphasised that the initiative will help position Bangladesh Bank as a modern, resilient, and future-ready central bank, contributing significantly to the nation's long-term economic stability.