Regulatory Alerts2020-03-10
Added · Updated
SR 20-3: Interagency Statement on Pandemic Planning
The Federal Financial Institutions Examination Council issued updated guidance requiring financial institutions to minimize the adverse effects of a pandemic through robust risk management. Institutions must periodically review business continuity plans to ensure they can deliver products and services with minimal disruption across a wide range of scenarios. This interagency statement supersedes previous pandemic planning letters SR 07-18 and SR 06-5 to reflect current operational resilience standards.
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