Operational Risk

Operational Risk includes risks such as cyber, data and physical security, natural disasters, pandemics or other internal and external forces.

Operational Risk includes risks such as cyber, data and physical security, natural disasters, pandemics or other internal and external forces that should be addressed in a community bank's disaster recovery, business continuity, incident response, or pandemic plans.

In some cases, Operational Risk can also result from inadequate or failed procedures, systems, or polices due to employee error, system failure, fraud or criminal activity.

Please note: many of the documents on these pages are accessible for ICBA bank members only. Please login to access.

Operational Risk News

Yellen, Powell testifying this week

Nov 29, 2021 | NewsWatch Today
Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell are scheduled to testify this week before the Senate Banking and House Financial Services committees.

ICBA issues summary of employer vaccine mandate

Nov 18, 2021 | NewsWatch Today
ICBA published a summary of the Biden administration’s policy requiring employers with 100 or more employees to ensure their workers are fully vaccinated against COVID-19 or are tested weekly.

Blog: PPP data show community bank lending urgency

Nov 3, 2021 | NewsWatch Today
A new ICBA blog post explores data showing the urgency of community banks’ Paycheck Protection Program response to help save small businesses in their communities.