On 31 March 2021, the Basel Committee on Banking Supervision issued Principles for operational resilience, designed to make banks better able to withstand, adapt to and recover from severe adverse events. The Basel Committee has also issued revisions to its Principles for the sound management of operational risks reflecting the natural relationship between operational resilience and operational risk. This follows a consultation on both documents last summer.

Leave a Reply

Your email address will not be published. Required fields are marked *