The Bank of Israel to conduct a drill to check its readiness for an emergency

13.8.07

The Bank of Israel to conduct a drill to check its readiness for an emergency

The Bank of Israel will conduct a drill over the next two days (13 and 14 August) to examine its operational emergency preparedness. Different scenarios will be simulated in the course of the drill, in which management and a team of staff will take part. Participants will receive incoming information about the simulated emergency situations, will analyze them and make decisions as appropriate.

The purpose of the exercise is to examine the operational readiness of the Bank, and to improve guidelines for conduct in emergencies, so that it will be able to continue performing its essential functions in an emergency.

This periodic drill is part of the Bank’s work to improve its readiness for an emergency, a process that began several years ago and that has been given higher priority in the last two years. The Bank has hired an outside consulting firm which is helping with these preparations. The Bank’s work on emergency preparedness was announced to the public as part of its work plan for 2007.

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