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Highlights:
- The Statement explains the differences between traditional business continuity planning and pandemic planning, as well as the unique challenges posed by a pandemic.
- Pandemic plans, reflecting an institution's size, complexity and business activities, should be sufficiently flexible to effectively address a wide range of possible effects that could result from a pandemic.
- The Statement describes risk-assessment and risk- management steps that are important for pandemic planning, such as coordinating with outside parties and providing employees with remote access.
- The Statement highlights the specific challenges faced by management and the mitigating controls that should be considered when developing a pandemic plan.
- An institution's pandemic planning activities should involve senior management from all functional areas including administration, human resources, legal, IT support, and key product lines.
- A key challenge is developing a testing program that provides a high degree of assurance that critical business processes will function even during a severe pandemic.
- The Statement identifies some of the guidance issued by other federal agencies and industry associations to assist institutions in developing plans for pandemic events.
Distribution:
FDIC-Supervised Banks (Commercial and Savings)
Suggested Routing:
Chief Executive Officer
Chief Information Officer
Chief Information Security Officer
Chief Compliance Officer
Human Resources Manager
Related Topics:
Influenza Pandemic Preparedness
Business Continuity Planning
Attachment:
Interagency Statement on Pandemic Planning - PDF (PDF Help)
Contacts:
Senior Examination Specialist Donald Saxinger at
dsaxinger@fdic.gov or (202) 898- 6521 or
Examination Specialist Stephanie S. Wilson at
stwilson@fdic.gov or (202) 898-8512
Printable Format:
FIL-6-2008 - PDF (PDF Help)
Note:
FDIC financial institution letters (FILs) may be
accessed from the FDIC's Web site at
http://www.fdic.gov/news/news/financial/2008/index.html
To receive FILs electronically, please visit
http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters
may be obtained via the FDIC's Public Information
Center (1-877-275-3342 or 703-562-2200).
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