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BCBS 516 — Principes de résilience opérationnelleBCBS
Principles for Operational Resilience
The text that shifted the financial sector from process-based continuity to a logic of critical services and impact tolerance. Seven principles requiring identification of critical operations, mapping of the resources supporting them, and explicit tolerances.
Official textWho it applies to
- Operational resilience functions
- Bank executive committees
- Regulators and supervisors
Structuring points
- Impact tolerance is a ceiling of acceptable degradation, not a recovery target
- Mapping must reach third-party dependencies and key people
- Severe but plausible scenarios are the real test of the framework
- Operational resilience subsumes continuity; it does not replace it
Banks, though the model has been adopted by insurance and markets regulators.