Cardano (ADA) has proposed measures to manage operational risks based on the principles of the Bank for International Settlements (BIS) to ensure operational resilience. The current third-party risks principles of BIS favor centralized models, limiting the use of decentralized architectures like blockchain. Cardano argues for tech-neutral regulations that empower decentralized models and unlock blockchain's potential. They highlight that decentralized infrastructures, like Cardano's public, permissionless blockchain, offer advantages in resilience, security, and cost efficiency. Cardano recommends a more resilient framework that supports both operational resilience and innovation in the financial sector.



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