Principles for the Sound Management of Operational Risk

 
Sound Practices for the Management and Supervision of Operational Risk 
19
Appendix 
Reference material 
A Framework for Internal Control Systems in Banking Organisations (BCBS, 
September 1998) 
Internal audit in banks and the supervisor’s relationship with auditors (BCBS, August 
2001) 
The relationship between banking supervisors and bank’s external auditors (BCBS, 
January 2002) 
Core Principles for Effective Banking Supervision (BCBS, October 2006) 
Core Principles Methodology (BCBS, October 2006) 
High-Level Principles for Business Continuity (BCBS, August 2006) 
Outsourcing in financial services (Joint Forum, February 2005) 
Risk Management Principles for Electronic Banking (BCBS, May 2001) 
Risks in Computer and Telecommunication Systems (BCBS, July 1989) 
Principles for Enhancing Corporate Governance (BCBS, October 2010)
Recognising the risk-mitigating impact of insurance in operational risk modelling 
(BCBS, October 2010) 
High-level principles for the cross-border implementation of the New Accord (BCBS, 
August 2003) 
Principles for home-host supervisory cooperation and allocation mechanisms in the 
context of Advanced Measurement Approaches (AMA) (BCBS, November 2007) 

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Document Outline

• Principles for the Sound Management of Operational Risk
• Members of the SIG Operational Risk Subgroup
• Contents
• Preface
• Role of Supervisors
• Principles for the management of operational risk
  • Fundamental principles of operational risk management
  • Governance
    • The Board of Directors
    • Senior Management
  • Risk Management Environment
    • Identification and Assessment
    • Monitoring and Reporting
    • Control and Mitigation
    • Business Resiliency and Continuity 
  • Role of Disclosure
• Fundamental principles of operational risk management 
• Governance
  • The Board of Directors
  • Senior Management
• Risk Management Environment
  • Identification and Assessment
  • Monitoring and Reporting
  • Control and Mitigation
• Business Resiliency and Continuity 
• Role of Disclosure