The Colombo Stock Exchange (CSE) conducted a successful disaster recovery testing exercise, as a part of its Business Continuity Planning (BCP), from its Disaster Recovery site on Friday July 3rd, 2015, where all trading and post trade operations took place from this remote site for a complete market day.
This is the first time such an exercise has taken place and demonstrates the commitment of the CSE to ensure the robustness of system infrastructure and the preparedness of the Exchange to face a sudden and unexpected event.
The exercise indicated that the CSE’s Business Continuity process is dynamic and the disaster recovery facility is fully functional and operational and therefore capable of carrying out all system critical processes in an eventuality. The disaster recovery exercise is expected to be carried out annually, to ensure the continued maintenance of the expected standards.
“This assessment exercise was intended to test the robustness of our systems and processes to withstand any disaster and recover within a reasonable period of time and thereby identify any gaps in our business continuing planning. Our critical systems can be operational within a few hours from our disaster recovery facility. Furthermore our mission critical staff is trained to operate from this remote location,” Assistant General Manager of Enterprise Risk Management Lalin Paranavitana said.