Depósito Central de Valores (DCV) certified this month its Business Continuity Management System (SGCN) pursuant to Regulation BS 25999 “in order to fulfil its ongoing goal of being the last one within the financial system to stop operating and the first one to recover in case of unexpected interruptions”. This was stated by the Business Continuity Officer André Medel who pointed out that this certificate was granted by BSI group, one of the principal international certifying bodies.

Regulation BS 25999 is British and it consists of the application of recommendations and good practices that facilitate recovery of human resources, infrastructures, vital information, technological information and the equipment that supports it enabling normal functioning of the system in case of a disaster, an unexpected or adverse event.

“This is a distinctive element for DCV as DCV is the third institution in Latin America and the second one in Chile to obtain this certification. On the other hand, this means a confirmation to all interested parties that operations within DCV are efficiently executed and that it satisfies the expectations of organizational resilience, as well as proving that we have placed our best continuity practices at the frontline of what we do”, said André Medel.

The SGCN certification process started in April 2011. Nonetheless, DCV had already been working under this regulation since 2009 “in order to strengthen the vision of Operational Continuity which has always been observed in the design of its processes, the choice and implementation of its infrastructure, technological and service resources with a strong focus on failure analysis and high availability, as well as in the selection, training and assessment of its collaborators”, assured Medel.

Future steps

Regarding expectations and the steps to follow, the Business Continuity Officer explained, “there still are many things to do”. We have to strengthen our preventive solutions in order to protect DCV in case of unexpected events and of course retain certification, as although the certificate expires in 2016, there are audits of certificate maintenance, which permit its yearly renewal.

An even greater challenge is that this is a process of continuous improvement where we will continue working in order to achieve the goals that we as a company have established”.

On the other hand, Medel stated that “a new regulation will commence in 2014, IOS22301 which includes BS25999, with great concern and focus on issues such as the following: people, interested parties and senior management commitments. We are designing a strategy in order to measure the efforts and resources that will signify accomplishing this new ISO (International Standardization for Organization) 22301”, therefore we believe we will obtain certification in the short term, he concluded.

About BSI Group

British Standards Institution (BSI Group) is the domestic regulations body of the United Kingdom, which is known globally for its independence, integrity and innovation regarding the establishment of regulations that foster the best continuity practices. It develops and markets standardized solutions and regulations that meet the needs of the companies and the society. BSI Group offers independent certificates of management systems, and it facilitates certification through training.

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