This study examines the role of Business Continuity Planning (BCP) in enhancing banking resilience, financial stability, and economic growth in Kosovo. Using comparative case studies from Europe and India, the research evaluates the effectiveness of BCP frameworks in mitigating financial disruptions and supporting operational continuity. Quantitative data collected from major banks in Kosovo reveal that robust BCP practices significantly strengthen resilience and promote financial sector stability. Key recommendations include aligning BCP strategies with emerging risks, enhancing scenario-based stress testing, improving staff training, and embedding resilience into organizational culture. The findings aim to inform policymakers and financial institutions on strengthening crisis preparedness in Kosovo’s banking sector (Swamy, 2013; Aronis & Stratopoulos, 2016; ONO, 2020; Khiaonaron, 2021; World Bank, 2022; Deloitte, 2020).

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The Impact of Business Continuity Planning on Banking Resilience, Financial Stability, and Economic Growth in Kosovo

  • Fisnik Zogaj

摘要

This study examines the role of Business Continuity Planning (BCP) in enhancing banking resilience, financial stability, and economic growth in Kosovo. Using comparative case studies from Europe and India, the research evaluates the effectiveness of BCP frameworks in mitigating financial disruptions and supporting operational continuity. Quantitative data collected from major banks in Kosovo reveal that robust BCP practices significantly strengthen resilience and promote financial sector stability. Key recommendations include aligning BCP strategies with emerging risks, enhancing scenario-based stress testing, improving staff training, and embedding resilience into organizational culture. The findings aim to inform policymakers and financial institutions on strengthening crisis preparedness in Kosovo’s banking sector (Swamy, 2013; Aronis & Stratopoulos, 2016; ONO, 2020; Khiaonaron, 2021; World Bank, 2022; Deloitte, 2020).