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FFIEC Highlights Pandemic Preparedness Guidance

March 2020
FFIEC Highlights Pandemic Preparedness Guidance

(March 6, 2020) - The Federal Financial Institutions Examination Council (FFIEC) today updated guidance identifying actions that financial institutions should take to minimize the potential adverse effects of a pandemic.

Pandemic preparedness is an important part of a financial institution’s business continuity planning. The guidance provides the Council’s prudent expectations that regulated institutions should periodically review related risk management plans, including continuity plans, to ensure their ability to continue to deliver their products and services in a wide range of scenarios and with minimal disruption.

Sound planning, in advance of imminent risk to particular institutions, helps minimize disruptions to services to consumers, businesses, and communities when such contingencies occur.

Related Link

Agency Contact Phone
Federal Reserve Darren Gersh 202.452.2955
CFPB Marisol Garibay 202.435.7170
FDIC Julianne Breitbeil 202.898.6895
NCUA Ben Hardaway 703.518.6333
OCC Bryan Hubbard 202.649.6870
SLC Jim Kurtzke 202.728.5733
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