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Basel set to update op risk and resilience principles
Op risk working group to issue core ‘indicators of resilience’ proposal as update to 2011 principles
![Basel Trendline](/sites/default/files/styles/landscape_750_463/public/2017-01/trendline-basel-trendline-bis-2016-ulrich-roth-04.jpeg.webp?h=b098ab46&itok=ID0T56VQ)
The Basel Committee on Banking Supervision is working to develop a set of metrics for operational resilience that will serve as gauge for how companies can maintain effective service levels following an IT disruption or other form of outage, a senior policymaker at the body has said.
The work is being conducted in concert with a long-expected update to the Basel Committee’s Principles for the sound management of operational risk (PSMOR) report, which was published in its current form in 2011
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