The Basel Committee on Banking Supervision issues Principles for Operational Resilience as guideline for firms

The Basel Committee on Banking Supervision (Basel Committee or BCBS) has issued the Principles for Operational Resilience in response to the impact of COVID-19 and increased awareness of operational-related risks. BCBS also updated its Principles for the Sound Management of Operational Risk (PMSOR) to keep current on these events.’ The Basel Committee views operational resilience […]