Risk Management Statement |
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BURSA TRADE SECURITIES The new BTS system was subjected to intensive internal testing, capacity and disaster recovery testing prior to the launch. Bursa Malaysia conducted seven external user acceptance tests and five disaster recovery tests with market participants including POs, TPs and information vendors, to enable them to familiarise with the new system, new functionalities and ensure connectivity with Bursa Malaysia. The system has also been subject to independent audit to ensure system readiness. Finally, external expertise was engaged to assist in closing pertinent gaps and assisting Bursa Malaysia in the launch of the new system. A communication programme aimed at educating and highlighting inherent risks to stakeholders and the larger market was also initiated and this will continue after the launch, if required. Bursa Malaysia successfully launched the new BTS system in December 2008. LOOKING AHEAD Bursa Malaysia will continue to invest to ensure that comprehensive risk management policies and risk system infrastructure are maintained for the systematic identification, measurement, monitoring and control of all material risks faced by the Group. All present risk management activities will continue, along with periodic reviews of business processes and assessment of the effectiveness of our risk management practices. Risk management training for employees will be ongoing to ensure their understanding of, and commitment to Bursa Malaysia's risk management processes. Bursa Malaysia will also continue to conduct business continuity exercises with the industry as well as internally, to test readiness and upgrade our infrastructure and facilities to handle forseeable disaster or crisis and our ability to effectively resume operations.
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