Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/49885
Title: Disaster recovery planning in the Maltese financial services sector
Authors: Cassar Overend, Matthew
Keywords: Emergency management -- Malta
Risk management -- Malta
Strategic planning -- Malta
Issue Date: 2019
Citation: Cassar Overend, M. (2019). Disaster recovery planning in the Maltese financial services sector (Master's dissertation).
Abstract: Purpose: Previous local dissertations on recovery planning in the financial sector tend to focus primarily on business continuity rather than disaster recovery. The study is set out to analyse the degree of importance given by Maltese financial institutions to the concept of disaster recovery planning rather than business continuity. This is achieved by analysing four key criteria of comparison, being preparedness and awareness, efficiency and effectiveness, compliance and success. Design: To achieve the objectives of the study, questionnaires outlining key aspects of disaster recovery planning were distributed to local financial institutions operating in the banking, insurance and investment sectors. Questions took the form of a five point Likert scale, with a total of sixteen questions in all. Twelve financial institutions participated in the study, comprising of four institutions from each sector. Findings: The findings indicate that the majority of local financial institutions acknowledge the importance of disaster recovery planning. However, the attitude towards disaster recovery varies across the different institutions and sectors. Some institutions exhibit adequate awareness and have in place effective plans to restore operations following a disaster, whilst for other institutions this is not necessarily the case. The study also found that there exists sufficient adherence to compliance in respect of the necessary standards and regulations on disaster recovery between the different institutions and sectors. Conclusion: The conclusion highlights that overall, local financial institutions are adequately equipped to recover from a disaster. However certain issues with regards to the recovery plan need to be addressed to increase the likelihood of success. When comparing sectors, insurance companies provided the most favourable results regarding disaster recovery, closely followed by banks and investment companies. Value: The findings of this study provide a very basic idea of the concept of recovery planning in the local financial sector. Moreover, findings highlight which institutions and sectors are lacking behind when it comes to appropriateness and awareness of disaster recovery, efficiency and effectiveness of recovery plans, compliance with standards and overall success of recovery.
Description: M.ACCTY.
URI: https://www.um.edu.mt/library/oar/handle/123456789/49885
Appears in Collections:Dissertations - FacEma - 2019
Dissertations - FacEMAAcc - 2019

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