CIBAFI COMMENTS TO THE Basel Committee on Banking Supervision


CIBAFI submitted its comments on 04th November 2020 to the Basel Committee on Banking Supervision (BCBS). The submission included comments on the Consultative Documents (CDs) on “Revisions to the principles for the sound management of operational risk” and “Principles for operational resilience”.

The Consultative Documents have been issued on 6th August 2020 and were open for publicconsultation until 6th November 2020.

CIBAFI thanked the BCBS for giving the opportunity to the Islamic Financial Services Industry to comment on the CDs and provided collective feedback of its member banks from over 34 jurisdictions. CIBAFI comments comprised the following key points.


CIBAFI PDGCIBAFI Comments on the “Principles for operational resilience”

CIBAFI PDGCIBAFI comments to the BCBS, November 2020

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