Cardano has disclosed in a recent report that the BIS’ principles and standards for managing third-party risks restrict the use of decentralized infrastructures like blockchain. 
Cardano also highlights that some of the ways to facilitate resilient frameworks include technological neutrality and alternative risk management approaches. 
In a recent report, Cardano (ADA) has proposed detailed measures to manage operational risks around the principles of the Bank for International Settlements (BIS) to ensure operational resilience. According to the report, its principles are crucial since they serve as the basis for national regulation.
The BIS is an international standard-setter for financial regulation. As part of its role, it issues principles and standards for managing third-party risks. Financial institutions are known for regularly outsourcing certain activities to third-party service providers. In this case, BIS influences which third-party infrastructures and services financia

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