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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Pandemic News

Agencies announce relief for Texas winter storms

Feb 23, 2021 | NewsWatch Today Article
Federal and state agencies announced relief to institutions and taxpayers affected by this month's winter storms in Texas and other states.

FS-ISAC Coronavirus Update, Feb. 22, 2021

Feb 23, 2021 | Coronavirus Update
President Joe Biden on Monday criticized the Paycheck Protection Program because small businesses struggled to get loans that instead went to larger companies, and announced a 14-day exclusive loan program using PPP funds for businesses with under 20 employees to apply for financial assistance.

Agencies finalize call report threshold relief

Feb 22, 2021 | NewsWatch Today Article
Federal regulators issued final call report changes related to asset threshold relief given the impact of Paycheck Protection Program lending on bank balance sheets.