Investor Presentaiton
Annual Report
AR
2022
SUMMARY
WHO WE
ARE
OUR
STRENGTH
AND
OUR
RESOURCES
OUR
RESULTS
Institutional strategic planning
Operational risk management is carried out at all the BCB
levels and units in an integrated manner. The management
of these risks involves, among other aspects, the
identification and assessment of events that may affect
the achievement of BCB's objectives. Threat management
is necessary to keep risks at a level compatible with
the BCB's conservative risk appetite. The result of the
assessment is illustrated as a risk matrix and, based on
it, the process managers must anticipate the appropriate
response to each identified risk. In 2022, 40 risk response
plans were implemented. Another 16 risk mitigation plans
are expected to start in 2023.
Additionally, business continuity management provides a
framework for building organizational resilience. It identifies
and plans what needs to be done so that the BCB continues
to fulfill its obligations in the event of a serious incident
that interrupts its operations. This management seeks to
create and maintain response plans in case of interruption
of processes considered critical.
In 2022, the operationalization of the Business Contingency
Site for the BCB's Senior Management (SCN-AA) was
completed and specific Business Continuity Plans for the
regional management branches began to be developed.
Both actions contribute to increasing the BCB's operational
resilience in response to disruptive events.
The Three Lines of Defense Model works within the
organization's overall risk and control framework. Each
line of defense carries out controls and checks for specific
purposes.
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