BUSINESS CONTINUITY & DISASTER RECOVERY: LESSONS FROM PALESTINE

Acts of terrorism and various widespread natural disasters have underlined the substantial risk of major operational disruptions to the financial system. Financial industry participants have common interest in promoting the resilience of the financial system to such disruptions1. The Palestine Monetary Authority2 (PMA) being the regulatory authority for the banking system in Palestine has paid great attention to this vital issue due to its importance to the stability of the Palestinian banking system especially in the light of the huge political risk in Palestine resulting from the Israeli occupation and the impact of occupation on all spheres of the Palestinians' life mainly the economic sector.