Interagency Statement on Pandemic Planning Guidance for Minimizing a Pandemic's Potential Adverse Effects
FIL-6-2008 February 6, 2008
The Federal Financial Institutions Examination Council has issued the attached "Interagency Statement on Pandemic Planning" (Statement) identifying actions that financial institutions should take to minimize the potential adverse effects of a pandemic. An institution's business continuity plan should address pandemics and provide a preventive program, a documented strategy scaled to the stages of a pandemic outbreak, a comprehensive framework to ensure the continuance of critical operations, a testing program, and an oversight program to ensure that the plan is reviewed and updated.
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.
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officer
Chief Information Officer
Chief Information Security Officer
Chief Compliance Officer
Human Resources Manager
Influenza Pandemic Preparedness
Business Continuity Planning