Principles for Sound Management of Operational Risk (PSMOR) - Executive Summary

Speech

Principles for Sound Management of Operational Risk (PSMOR) - Executive Summary

By Bank for International Settlements (BIS)

The 2021 revisions to the Principles for the Sound Management of Operational Risk (PSMOR) emphasize a "tone from the top" governance structure, placing the primary responsibility for risk culture on the board of directors and senior management.

  • Use cases, geography and tags
  • Organizations that created, adopted or are mentioned
  • Ecosystem position
  • Link to the original asset
  • Comments and reactions