TC Note presents an overview of operational resilience
Toronto Centre Note: i) outlines the definition of operational resilience; ii) explains why operational resilience is important for supervisors; iii) describes how some supervisors are beginning to take a more overarching approach to operational resilience; iv) shows how supervisors can assess a financial institution's operational resilience as part of their supervision; and v) discusses how operational resilience fits within a risk-based supervisory approach.
Publisher:
Toronto Centre
Release date:
Apr 2021
Type:
TC Notes
Topics:
Operational risk, Risk management
Sectors:
Banking, Insurance, Microfinance, Microinsurance, Pensions, Securities
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