The Basel Committee on Banking Supervision has published a public consultation on principles for the effective management and supervision of climate-related financial risks. The document forms part of the Committee’s holistic approach to address climate-related financial risks to the global banking system and aims to promote a principles-based approach to improving both banks’ risk management and supervisors’ practices in this area, something that Operational Risk Software can help with.
Page 6, Principle 11 refers specifically to operational risk.
Page 7, Scenario Analysis, Op Resilience