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

ICBA: Climate risk study should preserve housing stability

Apr 20, 2021 | NewsWatch Today Article
Fannie Mae, Freddie Mac, and the Federal Home Loan Banks should take steps to better understand and mitigate climate-related risks in their portfolios without disrupting the housing finance system, ICBA told the Federal Housing Finance Agency.

FS-ISAC Coronavirus Update, April 20, 2021

Apr 20, 2021 | Coronavirus Update
Nearly 212 million doses of vaccine have been administered in the US for an average of 3 million shots a day, despite a pause in delivering Johnson & Johnson’s Janssen vaccine, according to data published Monday by the US Centers for Disease Control and Prevention.

FDIC launches campaign promoting financial inclusion

Apr 16, 2021 | NewsWatch Today Article
The FDIC launched a public awareness campaign supporting financial empowerment to educate consumers about the benefits of opening a bank account to gain access to safe, low-cost financial products.