Basel Committee Operational Resilience Principles — March 31, 2021
The Basel Committee finalised operational resilience and risk management principles for banks, forming part of Zeph Tech’s governance benchmarks.
The Basel Committee issued principles for operational resilience and updated its operational risk management guidance. Zeph Tech continues to align financial services governance assessments with the Basel expectations.
- 31 Mar 2021 — Principles for Operational Resilience. The Basel Committee set expectations for mapping critical operations, impact tolerances, and scenario testing.
- 31 Mar 2021 — Revised Principles for the Sound Management of Operational Risk. Updates reinforced board oversight, risk appetite, and control testing.
- 31 Mar 2021 — Basel Committee communication. Supervisors were encouraged to implement the principles within their jurisdictions.
These documents underpin Zeph Tech’s operational risk reviews for regulated financial institutions.