Article Posted date 31 August 2020
On August 6, 2020, the Basel Committee for Banking Supervision released a consultative document outlining principles for operational resilience. Banking regulators in key jurisdictions including Hong Kong are expected to implement operational resiliency requirements in due course once the Basel Committee has finalized the consultative process.
This publication looks at the various principles for operational resilience in the global banking system as well as considerations for designing an operational resilience framework. It also explains how adopting these principles brings business benefits and how KPMG can help.
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