Business continuity for market infrastructures

What is business continuity?

It is a state of uninterrupted operation of a business. The term "business continuity" refers to all of the organisational, technical and staffing measures that are employed to ensure the continuation of

  1. all core business activities in the immediate aftermath of a crisis and
  2. gradually guarantee the continued operation of business activities as a whole in the event of sustained and severe disruptions.

Why business continuity is important

Achieving financial stability in Europe depends inter alia on the smooth functioning of the EU payment and security settlement systems. As financial markets are highly interconnected across national borders, incidents occurring in one market infrastructure might have a domino effect and easily spread into other systems.

Sharing information as key to resilience

Business continuity preparedness is crucial among all financial market participants across Europe due to the existence of common infrastructure and the high degree of interdependencies between them.

The European System of Central Banks (ESCB) promotes information sharing in this field for the following reasons:

  • An exchange of best practices in implementing existing national, European and global standards can contribute to further increasing resilience on a European level, by increasing the level of reciprocal information and understanding;
  • It facilitates the provision of coherent, up-to-date and easily accessible information on euro area or international BC standards or initiatives, links to relevant information maintained by the other EU central banks on national BC requirements and market arrangements in this field.

Available sources

European standards and initiatives International standards and initiatives



Hong Kong





Links to sources of EU central banks (ESCB)