The Principles in this document for banks cover governance; the risk management environment; information and communication technology; business continuity planning; and the role of disclosure. These elements should not be viewed in isolation; rather, they are integrated components of the operational risk management framework (ORMF) and the overall risk management framework (including operational resilience) of the group.

Through the publication of this document, the Committee desires to promote the effectiveness of operational risk management throughout the banking system. The Committee believes that the Principles reflect sound practices relevant to all banks. Nonetheless, the Committee recommends that banks should take account of the nature, size, complexity and risk profile of their activities when implementing the Principles.