Operational Risk-Resilience/Management Standards
Although the Basel Committee believes that its post-crisis capital and liquidity framework significantly enhanced bank resilience evident in a robust industry response to the pandemic, this crisis and other developments are said to highlight the need for additional regulatory and supervisory work to improve operational resilience.  Given the changing nature of operational risk, the Basel Committee has now decided against a prescriptive approach at least with regard to resilience.

OPSRISK21.pdf