Basel Committee publishes report on information and communication technology risk management
Why this matters
This is a Basel Committee publication of a range of practices report (not binding rules, but authoritative guidance) addressing ICT risk management as a component of operational resilience. The content is informational/guidance-focused rather than a consultation or final rule, and targets banks specifically. The report complements existing cyber resilience work and signals ongoing regulatory focus on digitalisation and AI implications, warranting a significance score of 3 for noteworthy regulatory guidance with concrete signals.
AI-generated classification rationale, not a full analysis. Verify with the original BIS source before acting. Full disclaimer.
What the BIS said
The Basel Committee on Banking Supervision today published a range of practices report on information and communication technology (ICT) risk management. ICT is a key component of operational risk management, playing a vital role in supporting the broader goal of achieving operational resilience.
Published by BIS . Read the full notice at the source for the authoritative text.
Context
Bank for International Settlements (BIS) — Hosts the Basel Committee, whose capital and liquidity standards national regulators implement. We track 62 updates from them.
Global standard-setters whose frameworks are adopted into national regulation. Browse all International updates.
This update is classified under Operational Resilience / Outsourcing, Technology & Cyber and Banking & Credit.