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Basel Committee on Banking Supervision

Basel Committee on Banking Supervision Principles for the Sound management of Operational Risk June 2011 Copies of publications are available from: Bank for International Settlements Communications CH-4002 Basel , Switzerland E-mail: Fax: +41 61 280 9100 and +41 61 280 8100 This publication is available on the BIS website ( ). Bank for International Settlements 2011. All rights reserved. Brief excerpts may be reproduced or translated provided the source is cited. ISBN 92-9131-857-4 (print) ISBN 92-9197-857-4 (online) Members of the SIG Operational Risk Subgroup Chairman: Mitsutoshi Adachi, Bank of Japan Australian Prudential Regulation Authority Michael Booth National Bank of Belgium Jos Meuleman Banco Central do Brasil, Brazil

operational risk management is a reflection of the effectiveness of the board and senior management in administering its portfolio of products, activities, processes, and systems. The Committee, through the publication of this paper, desires to promote and enhance the effectiveness of operational risk management throughout the banking system.

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  Management, Risks, Committees, Risk management, Supervision, Banking, Basel, Basel committee on banking supervision

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