Narrow Your Choices

Refine By Countries

Refine By Topic

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Books and Analytical Papers > High-Level Summary Technical Assistance Reports

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Philippines x
Clear All Modify Search
Cover High-Level Summary Technical Assistance Reports
Philippines: Developing a Regulatory and Supervisory Framework for Operational Resilience
Rangachary Ravikumar and Paul Williams
This paper discusses Philippines’ Summary Technical Assistance Report series that provides high-level summaries of the assistance provided to IMF capacity development recipients, describing the high-level objectives, findings, and recommendations. Responding to a request from the Bangko Sentral ng Pilipinas (BSP) for developing a regulatory and supervisory framework for operational resilience, a Technical Assistance mission aided the authorities in identifying regulatory gaps, provided guidance in enhancing the regulatory framework and delivered a training program focusing on regulatory aspects pertaining to operational resilience. The recommendations focused on articulating the case for policy initiative, developing a regulation in consultation with the industry, considering potential severe but plausible scenarios. The report recommends identifying and addressing regulatory gaps in existing regulations on corporate governance, information and communication technology/cyber risk, outsourcing, business continuity management, and operational risk management from an operational resilience perspective based on the feedback and the inputs provided.
Keywords:
Business Continuity; Operational Resilience; Operational Risk Management