The Basel Committee on Banking Supervision (BCBS) has issued a final technical amendment to the Basel Framework concerning the standardised approach to operational risk. This amendment, which was previously out for consultation in June 2025, aims to clarify standards that were not substantial in nature but could not be unambiguously resolved from the existing text. The document also addresses a frequently asked question regarding the standardised approach to market risk and makes consequential updates to related FAQs.

Member jurisdictions are expected to implement this amendment as soon as practical, with a maximum deadline of three years from the publication date. While the amendment itself is considered technical, its implementation will require banks to review and potentially adjust their operational risk calculations under the standardised approach. The clarification on market risk FAQs may also necessitate updates to internal models or reporting processes for entities exposed to market risk.