Transcription of Basel Committee on Banking Supervision
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Basel Committee on Banking Supervision
Basel Committee on Banking Supervision Principles for operational Resilience March 2021 This publication is available on the BIS website ( ). Bank for International Settlements 2021. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. ISBN 978-92-9259-467-1 (online) Principles for operational Resilience iii Contents Principles for operational resilience .. 1 I. Introduction .. 1 II. An evolving operational risk landscape .. 1 III. Essential elements of operational resilience .. 2 IV. Definition of operational resilience .. 3 V. operational resilience principles.
controls) and the monitoring of risks and control effectiveness work together to minimise operational disruptions and their effects. In addition, management’s focus on the bank’s ability to respond to and recover from disruptions, assuming failures will occur, will support operational resilience. An operationally
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