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.

Please note: many of the documents on these pages are accessible for ICBA bank members only. Please login to access.

Pandemic News

Senate Republicans urge CBLR relief extension

Apr 6, 2021 | NewsWatch Today Article
Senate Banking Committee Republicans led by Sen. Mike Crapo (R-Idaho) called on federal regulators to use their authority to extend the 8 percent Community Bank Leverage Ratio through Dec. 31.

FS-ISAC Coronavirus Update, April 2, 2021

Apr 2, 2021 | Coronavirus Update
While some sectors are back to their pre-pandemic employment levels, the overall US economy still has more than 8 million fewer jobs than it did before Covid-19 related job losses started a year ago.

FS-ISAC Coronavirus Update, April 1, 2021

Apr 1, 2021 | Coronavirus Update
During a White House briefing Wednesday, Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention, said the agency’s most recent data shows the seven-day average of new cases is just under 62,000 cases per day,