Regulatory Alerts2006-07-05
OFI Bulletin 02a-2006 Emergency Preparedness for Banks
The Office of Financial Institutions issued this bulletin to require all banks and thrifts to implement comprehensive disaster planning for the 2006 hurricane season. Institutions must maintain updated emergency contact information for their disaster recovery teams and coordinate with local parish sheriff and emergency preparedness offices to secure re-entry credentials for employees and vehicles. The directive emphasizes obtaining specific documentation, such as company or InfraGard identification and business purpose letters, to ensure uninterrupted operations and secure access when services are limited following a catastrophic event.
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