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.

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Operational Risk News

Supreme Court blocks employer vaccine mandate

Jan 14, 2022 | NewsWatch Today
The Supreme Court blocked the Biden administration’s vaccine-or-test mandate for private companies with 100 or more employees.

Vaccine mandate effective today unless high court steps in

Jan 10, 2022 | NewsWatch Today
The Biden administration’s vaccine-or-test mandate for employers with 100 or more employees is scheduled to take effect today unless the U.S. Supreme Court halts enforcement.

ICBA Statement on Community Bank Leverage Ratio Guidance

Dec 22, 2021 | Press Release
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on new interagency guidance that indicates temporary relief from the 9% Community Bank Leverage Ratio will expire on Dec. 31.