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Sunday, 30 March 2014

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CSE awarded three ISO certifications

The Colombo Stock Exchange (CSE) has obtained three International Standard Organisation (ISO) certifications, and joined the elite band of Stock Exchanges in the world to define and certify themselves, based on auditable international standard for Information Security (ISO 27001), Business Continuity (ISO 22301) covering trading, registry and depository services, and IT service management (ISO 20000).


Partner, Advisory Services, Ernst and Young (E and Y), Arjuna Herath presents the ISO certifications to CSE, Chief Executive Officer Rajeeva Bandaranaike. From left: Senior Manager, Advisory Services (E and Y) Sahan Weerasinghe, Director, Advisory Services (E and Y), Shanaka de Silva, Partner, Advisory Services (E and Y), Arjuna Herath, Rajeeva Bandaranaike, Chief Information Officer, CSE, Chandrakanth Jayasinghe, Head of Information Security, CSE, Wasantha Perera, Manager, Finance
and Administration, CSE, Kusal Nissanka.

CSE is one of the few organisations in Sri Lanka which chose to certify its core business on ISO 27001 and ISO 22301 and IT services on ISO 20000. Through these ISO Certifications the CSE gives maximum assurance to stakeholders that their information is protected by the Exchange in the most comprehensive manner.

The certifications were issued in February 2014 after a rigorous assessment and validation process by TUV Nord, Germany. The certifications symbolise CSE's commitment towards continuous improvement in securing sensitive information and business resilience to face unforeseen disasters.

Since implementation of the project, the CSE has improved its information security, business continuity and IT service management significantly. As the ISO certification process provides a detailed understanding of the entire organisation and its processes, opportunities for improvement have been identified and implemented.

It has also helped to raise information security and business continuity awareness and readiness among employees of CSE and has led to the efficient management of risks related to these areas. Chief Executive Officer, CSE, Rajeeva Bandaranaike said that achieving three prestigious ISO certifications simultaneously is a confirmation of the interest and commitment of CSE towards the efficient management of information security and business risks, continuous improvement of internal processes and technical competencies to secure data and information within the exchange. Chief Information Officer, CSE, Chandrakanth Jayasinghe said that the CSE initiated many technological infrastructure upgrades recently to improve resilience and uninterrupted delivery of IT services.

Obtaining certification in IT service management for IT services would strengthen IT operations and deliver improved services to stakeholders.

He said that the CSE has set up a dedicated information security function which indicates the commitment on the part of the exchange to strengthen information security within the CSE.

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