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Pandemic Planning Guide Updated March 4, 2020, Original Plan Developed May 1, 2009Index SECTION TITLEPAGEIntroduction2Planning Committee3Pandemic Level of Severity Triangle5Level 16Level 215Level
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Present the current situation or overview of the pandemic.
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The interagency statement on pandemic is a coordinated guidance issued by multiple regulatory agencies outlining the expectations and requirements for financial institutions during pandemic situations, focusing on maintaining stability and compliance.
Financial institutions, including banks, credit unions, and other regulated entities, are required to file the interagency statement on pandemic.
To fill out the interagency statement on pandemic, institutions must gather necessary data, ensure accurate reporting, and follow the provided template or guidelines from the regulatory agencies, typically including aspects of risk management and financial health.
The purpose of the interagency statement on pandemic is to guide financial institutions in effective risk management, ensure compliance with regulatory requirements, and promote financial stability during and after a pandemic.
The information that must be reported includes liquidity status, operational continuity plans, risk assessment metrics, and any specific challenges faced during the pandemic.
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