Planning is an essential element of positioning an organization to respond to potential disruptions. Regardless of the size of your organization, developing strategies to respond to disruptions, maintain operations and recover in a timely manner can help mitigate risks to your business, your stakeholders and your reputation.
This paper highlights some questions you should be asking within your organization to assist in planning and assessment efforts in the event of large-scale disruptions.
What are the critical functions of the organization?
What risks are the organization most likely to encounter based on your geographical location? What is the likely impact of a disruption (e.g. a pandemic)?
What are the consequences to the organization?
Does our business continuity plan take human resources impact into account?
How does the organization implement business continuity planning?
What communication channels would be utilized?
This article is provided for general information purposes only and CIBC Mellon and its affiliates make no representations or warranties as to its accuracy or completeness, nor do any of them take any responsibility for third parties to which reference may be made. This article should not be regarded as legal, accounting, investment, financial or other professional advice nor is it intended for such use.
About CIBC Mellon
CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY Mellon) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon's investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, pension services, exchange-traded fund services, securities lending services, foreign exchange processing and settlement, and treasury services.
As at March 31, 2020, CIBC Mellon had more than C$1.8 trillion of assets under administration on behalf of banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY Mellon network, which as at March 31, 2020 had US$35.2 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks, is the corporate brand of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term to refer to either or both companies.
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