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

ICBA testifies on need for simple PPP forgiveness

Sep 2, 2021 | NewsWatch Today
ICBA told Congress that the Paycheck Protection Program needs a simple, easy-to-use forgiveness process to ensure the program works as intended for small-business borrowers.

ICBA Offers Financial Preparedness Tips to Help Speed Recovery Following a Natural Disaster

Sep 1, 2021 | Press Release
In recognition of National Preparedness Month in September, the Independent Community Bankers of America (ICBA) and the nation’s community bankers are offering tips to help Americans secure their financial documents before disaster strikes.

ICBA to Congress: PPP Forgiveness Should Be Straightforward

Sep 1, 2021 | Press Release
The Independent Community Bankers of America (ICBA) today told Congress that the Small Business Administration’s Paycheck Protection Program needs a simple, easy-to-use forgiveness process to ensure the program works as intended for small-business borrowers.