The European System of Central Banks (ESCB), comprising the European Central Bank (ECB) and the national central banks of EU Member States, promotes information sharing in the field of business continuity.
An exchange of information on best practices in implementing existing national, European and global standards can contribute to further increasing financial market resilience on a European level, by increasing the level of reciprocal understanding.
Active information sharing facilitates the provision of coherent, up-to-date and easily available information on euro area or international BC (Business Continuity) standards or initiatives. This also promotes awareness of BC requirements and market arrangements maintained by the other EU central banks.