Just 7% of family offices regularly test business continuity plans: DBS PB study

Only 7% of family offices have structured and regularly tested business continuity plans, leaving the vast majority dangerously exposed to operational and structural shocks, according to a DBS Private Bank study. The report, released on Friday, shows that 85% of family offices have inadequate business continuity plans: 37% have no plan in place, 32% rely on informal arrangements, and 16%…

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