RBI Notifies Guidance Note on Operational Risk Management and Operational Resilience
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- Last Updated on 2 May, 2024
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Press Release No. Press Release: 2024-2025/220 and Circular No. RBI/2024-25/31 DOR.ORG.REC.21/14.10.001/2024-25; Dated 30.04.2024
The RBI has placed on its website ‘Guidance Note on Operational Risk Management and Operational Resilience’. This Guidance Note aligns the RBI’s regulatory guidance with the Basel Committee on Banking Supervision (BCBS) Principles, viz., (a) ‘Revisions to the Principles for the Sound Management of Operational Risk’ & (b) ‘Principles for Operational Resilience’, while adopting the global best practices including those on operational resilience. The existing Guidance Note stands repealed.
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