Difference between revisions of "BCBS C136"
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== Definition == | == Definition == | ||
| − | '''BCBS C136''' is a | + | '''BCBS C136''' is a document published by the [[Basel Committee on Banking Supervision]] on July 1989 in the [[:Category:BCBS Risk Management | Risk Management]] category. |
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| + | == Title == | ||
| + | ''Risks in computer and telecommunication systems''. | ||
== Abstract == | == Abstract == | ||
| + | <div style="background-color: #ffffe6"> | ||
<p>The speed of technological innovation in computers and telecommunications in recent years and the integration of automated operations are increasing the dependence of banks on the reliability and continuity of their EDP systems.</p> | <p>The speed of technological innovation in computers and telecommunications in recent years and the integration of automated operations are increasing the dependence of banks on the reliability and continuity of their EDP systems.</p> | ||
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<p>The types of risk which characterise an EDP environment and the security and control procedures it requires deserve the full attention of supervisors. This note addresses the following types of risks: improper disclosure of information, error, fraud, interruption of business due to hardware or software failure, ineffective planning and risks associated with end-user computing operations.</p> | <p>The types of risk which characterise an EDP environment and the security and control procedures it requires deserve the full attention of supervisors. This note addresses the following types of risks: improper disclosure of information, error, fraud, interruption of business due to hardware or software failure, ineffective planning and risks associated with end-user computing operations.</p> | ||
<p>This paper has been prepared for reference by supervisory authorities in a wide range of jurisdictions. It is not designed as a technical paper for experts in the topic but seeks rather to flag the major problem areas of which supervisors need to be aware.</p> | <p>This paper has been prepared for reference by supervisory authorities in a wide range of jurisdictions. It is not designed as a technical paper for experts in the topic but seeks rather to flag the major problem areas of which supervisors need to be aware.</p> | ||
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| + | </div> | ||
== Document Profile == | == Document Profile == | ||
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* BIS Website: [https://www.bis.org/publ/bcbsc136.htm Web Page] | * BIS Website: [https://www.bis.org/publ/bcbsc136.htm Web Page] | ||
* PDF File: [https://www.bis.org/publ/bcbsc136.pdf Download] | * PDF File: [https://www.bis.org/publ/bcbsc136.pdf Download] | ||
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== Disclaimers == | == Disclaimers == | ||
For definitive information on regulatory matters always consult primary sources, especially where it concerns legally binding rules and regulations. | For definitive information on regulatory matters always consult primary sources, especially where it concerns legally binding rules and regulations. | ||
| − | The regulatory document ''abstract'' is quoted verbatim | + | The above regulatory document ''abstract'' is quoted verbatim in this Open Risk Manual entry and provided free of charge for the convenience of all internet users. There is no explicit or implicit endorsement of this web service by the Bank of International Settlements. The copyright of the included material rests with the original authors (Links to the original texts are duly provided). |
[[Category:BCBS Risk Management]] | [[Category:BCBS Risk Management]] | ||
Latest revision as of 11:47, 26 March 2021
Definition
BCBS C136 is a document published by the Basel Committee on Banking Supervision on July 1989 in the Risk Management category.
Title
Risks in computer and telecommunication systems.
Abstract
The speed of technological innovation in computers and telecommunications in recent years and the integration of automated operations are increasing the dependence of banks on the reliability and continuity of their EDP systems.
Banks have always been exposed to risks such as error and fraud but the scale of those risks and the speed with which they can arise have changed dramatically. Furthermore, with computerised settlement systems, interbank lending relations now circle the globe in intertwining networks. Once a bank becomes unable to pay because of system problems, default, or any other reason, the banks that have loans outstanding to that bank also incur bad debts and the default is passed along the system in a chain reaction that threatens to envelop and paralyse the entire settlement system.
The types of risk which characterise an EDP environment and the security and control procedures it requires deserve the full attention of supervisors. This note addresses the following types of risks: improper disclosure of information, error, fraud, interruption of business due to hardware or software failure, ineffective planning and risks associated with end-user computing operations.
This paper has been prepared for reference by supervisory authorities in a wide range of jurisdictions. It is not designed as a technical paper for experts in the topic but seeks rather to flag the major problem areas of which supervisors need to be aware.
Document Profile
- Publication Date: July 1989
- Publication Type: Other
- Publication Status: Superseded
- Publication Category: Risk Management
- Number of Pages: 7
- Keywords: Telecommunications, Operational Risk
See Also
Disclaimers
For definitive information on regulatory matters always consult primary sources, especially where it concerns legally binding rules and regulations.
The above regulatory document abstract is quoted verbatim in this Open Risk Manual entry and provided free of charge for the convenience of all internet users. There is no explicit or implicit endorsement of this web service by the Bank of International Settlements. The copyright of the included material rests with the original authors (Links to the original texts are duly provided).
