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OCC Bulletin: Operational Risk: Sound Practices to Strengthen Operational Resilience


The sound practices paper

  • outlines standards for operational resilience set forth in the agencies’ rules and guidance for domestic banking organizations that have average total consolidated assets greater than or equal to (1) $250 billion or (2) $100 billion and have $75 billion or more in average cross-jurisdictional activity, average weighted short-term wholesale funding, average nonbank assets, or average off-balance-sheet exposure;
  • promotes a principles-based approach for effective governance, robust scenario analysis, secure and resilient information systems, and thorough surveillance and reporting; and
  • includes an appendix focused on sound practices for managing cyber risk.

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