The High-Level Principles for Business Continuity of the Joint Forum/Basel BCM Principles: Committee on Banking Supervision (published by Bank for International Settlements, August 2006). Editors Note:The key elements of these High-Level Principles are: (1) Financial market participants and supervisory authorities should have an effective and comprehensive Business Continuity Management process at their disposal. Responsibility for ensuring business continuity lies with the Board of Directors and Senior Management. (2) Financial market participants and supervisory authorities must integrate the risk of significant operational disruptions into their Business Continuity Management processes.(3) Financial market participants must develop recovery objectives that take account of their systemic relevance and the resulting risk for the financial system. (4) The Business Continuity Plans of both financial market participants and supervisory authorities must define internal and external communication measures in the event of major business interruptions.(5) Where business interruptions have international implications, the corresponding communication concepts must cover in particular communication with foreign supervisory authorities.(6) Financial market participants and supervisory authorities must test their Business Continuity Plans, evaluate their effectiveness and amend their Business Continuity Management processes as necessary. (7) It is recommended that supervisory authorities assess the Business Continuity Management programmes of the institutions subject to supervision as part of the ongoing monitoring process