← Glossary
Operational resilience
Severe but plausible
In French : Sévère mais plausible
The calibration criterion for a test scenario: severe enough to stress the arrangements, credible enough that management accepts the conclusions.
Source : BCBS 516 / PRA SS1/21
Related terms
Scenario
A description of a hypothetical situation used as the basis for an exercise or a risk analysis. It must be severe but plausible to produce usable learning.
Impact tolerance
The maximum level of disruption to an important service that an organisation can tolerate, usually expressed in time. It is a regulatory ceiling on harm, not an internal recovery target.