Conducting Pandemic Risk Assessments: What Banks Need to Know
Regulators will expect banks to be better prepared for the next crisis event, and they have offered guidance on how you should prepare.
Browsing: Disaster preparedness
Navigating the ‘New Normal’ of a Global Pandemic
How banks are pivoting to address the challenges of the coronavirus.
Podcast: How One Bank Workforce Went Fully Remote Amid COVID-19
Live Oak Bank CTO Brian Lora talks about how the bank’s cloud-based infrastructure helps it stay resilient and rapidly go remote when hurricanes, or a global pandemic, strikes.
Technology Firm to Offer Free Cloud Desktops, Resources to ABA Members
To help banks address the operational challenges posed by the novel coronavirus, Summit Technology Group announced today that it will offer complimentary cloud desktops and business continuity resources to American Bankers Association member banks.
Policymakers Urge Banks to Work with Borrowers Affected by Coronavirus
Recognizing the potential effects of the 2019 coronavirus disease on bank customers, financial regulators today issued a statement calling on banks to work constructively with borrowers and others affected by the virus in their communities.
Agencies Issue Pandemic Planning Guidance for Banks
With the number of reported cases of the novel coronavirus on the rise in the U.S., the Federal Financial Institutions Examination Council late Friday issued guidance for banks on business continuity planning in the face of a pandemic.
As Dorian Threatens SE Coast, ABA Offers Preparedness Resources
With Hurricane Dorian bringing hurricane and tropical storm conditions to Florida’s coastline this morning and threatening other coastal areas as it moves north, ABA is reminding bankers and state bankers associations of several resources to help with incident response and crisis communications.
OCC Allows Banks to Close; ABA Offers Preparedness Resources
With Hurricane Dorian expected to landfall in Florida early next week, the OCC today issued a proclamation allowing national banks and federal savings associations affected by the severe weather to close.
FHA Extends Mortgage Relief for Borrowers Affected by Natural Disasters
The Federal Housing Administration announced today that it will make its “disaster standalone partial claim” a standard mortgage relief option for all victims of natural disasters in presidentially declared major disaster areas.
FEMA Publishes Mitigation Strategy for Natural Disasters
In response to recent natural disasters, the Federal Emergency Management Agency has published a national mitigation investment strategy, which is intended to provide “a national, whole-community approach to investments in mitigation activities and risk management across federal, state, tribal, territorial, and local government and the private and nonprofit sectors.”