BCBS Principles for Operational Resilience (2021)
What is BCBS Principles for Operational Resilience (2021)?
The Basel Committee's seven principles for operational resilience in banks: governance that sets a tolerance for disruption to critical operations, operational risk management that reassesses controls on change and after incidents, business continuity plans exercised under severe but plausible scenarios, mapped interconnections and interdependencies, third-party due diligence and exit strategies, life-cycle incident management, and resilient ICT including cyber security with immutable offline backup of critical data. It comprises 21 controls organised across 7 domains, and applies in International.
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