The Banking Industry in Oman Research Paper by Neatwriter

The Banking Industry in Oman
This paper is a research report, which develops a business continuity plan for the Oman banking industry.
# 60727 | 21,275 words | 35 sources | MLA | 2005 | US

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This paper explains that a business continuity plan is the method or process whereby financial institutions ensure the protection or recovery of operations, including services to customers, when confronted with adverse events such as natural disasters, technological failures, human error or terrorism. The author points out that the research indicates that the Oman banking industry has an idea of what it should be doing for its business continuity plans, but instead, it looks primarily at the I.T. situation, which is important but fails to develop plans for all of the necessary phases of the banking business. The paper stresses that the strongest recommendation, which can be made for the Oman banking industry and for other businesses, is the need for redundancy in every phase of the operation, even maintenance of records outside the country. Tables and graphs.

Table of Contents
Introduction and Background
Statement of the Problem
Purpose of the Study
Theoretical Basis
Limitations of the Study
Definition of Terms
Organization of the Remainder of the Study
Review of Related Literature
Research Design and Approach
Population and Sample
Collection and Tabulation of Data
Data Analysis Procedures
Policy Document for a Business Continuity Plan in the Oman Banking Industry
Analysis of the Data, Results, and Discussion
Summary, Conclusion, and Recommendations

From the Paper:

"Some banks, of course, do already have these plans, although it is a small number. Of the banks that do not have one and are not working toward one, cost seems to be the key. Creating and implementing this type of plan and ensuring that it is updated and adjusted properly is a time consuming, difficult, and often expensive thing for banks and other businesses to do, and it is understandable that some banks would be reluctant to create a business continuity plan for these reasons. However, banks should look toward these expenses not as costs, but as an investment toward the safety and security of their future."

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APA Format

The Banking Industry in Oman (2005, September 13) Retrieved February 28, 2024, from

MLA Format

"The Banking Industry in Oman" 13 September 2005. Web. 28 February. 2024. <>