IV. Definition of operational resilience
11. The Committee defines operational resilience as the ability of a bank to deliver critical operations through disruption. This ability enables a bank to identify and protect itself from threats and potential failures, respond and adapt to, as well as recover and learn from disruptive events in order to minimise their impact on the delivery of critical operations through disruption. In considering its operational resilience, a bank should assume that disruptions will occur, and take into account its overall risk appetite [Per the BCBS's 2015 Corporate governance guidelines, which use the FSB's 2013 Principles for an effective risk appetite framework, "risk appetite" is defined as: the aggregate level and types of risk a bank is willing to assume, decided in advance and within its risk capacity, to achieve its strategic objectives and business plan.] and tolerance for disruption. In the context of operational resilience, the Committee defines tolerance for disruption as the level of disruption from any type of operational risk a bank is willing to accept given a range of severe but plausible scenarios.