The document outlines a set of principles that provide a framework for the effective management and supervision of operational risk, for use by banks and supervisory authorities when evaluating operational risk management policies and practices. It updates the February 2003 Sound Practices for the Management and Supervision of Operational Risk.
Operational Risk
31 March 2021
The document identifies supervisory guidelines associated with the development and maintenance of key internal governance, data and modelling frameworks underlying the Advanced Measurement Approaches for operational risk.
This document clarifies supervisory expectations on the range of industry AMA practices while promoting increased convergence in operational risk management.
1 November 2007
This document sets out principles related to two important topics in the implementation of the Advanced Measurement Approaches (AMA) for operational risk under Basel II.