Treasury memo: banking sector is critical infrastructure

Mar 23, 2020

Treasury Secretary Steven Mnuchin issued a memorandum encouraging state and local governments to follow last week's Cybersecurity and Infrastructure Security Agency guidance on "essential critical infrastructure workers" that should continue normal operations during the coronavirus pandemic.

The CISA guidance includes in its definition of essential workers those who process and maintain systems to process financial transactions and services, provide consumer access to banking and lending services, and support financial operations.

Mnuchin also cited President Donald Trump's guidelines that individuals who work in a sector defined by the Department of Homeland Security as critical infrastructure have a special responsibility to maintain their normal work schedules.