79. An issuer of ARTs should have an adequate operational risk management framework and operational …

An issuer of ARTs should have an adequate operational risk management framework and operational resilience framework. This includes effective policies and processes to:

• a. identify, assess, evaluate, monitor, report and mitigate operational risk on a timely basis; and
• b. identify and protect themselves from threats and potential failures, respond and adapt to, as well as recover and learn from, disruptive events to minimise their impact on delivering critical or important functions¹⁶ .

¹⁶ BCBS Principles for Operational Resilience, March 2021, https://www.bis.org/bcbs/publ/d516.pdf

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/