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 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.

OSHA updates employer mandate compliance dates following court ruling

Dec 21, 2021 | NewsWatch Today
The Occupational Safety and Health Administration updated the compliance dates for its COVID-19 vaccine mandate for employers with 100 or more employees following a court ruling allowing it to proceed.

Court rules in favor of employer vaccine mandate

Dec 20, 2021 | NewsWatch Today
A federal appeals court ruled that the Biden administration’s COVID-19 vaccine mandate for employers with 100 or more employees may proceed, reversing a separate court’s administrative stay of enforcement.