Crisis Management & CASH: COVID-19 and Future Pandemic Planning

Join us for Crisis Management & CASH: COVID-19 & Future Pandemic Planning 

Webinar On-Demand
Duration: 45 minutes

Presented by:

This current pandemic has led many regulatory bodies including the FFIEC, FDIC, NCUA, OCC & Federal Reserve to update their recommendations for Business Continuity Planning (BCP) and Pandemic Planning for the first time in 13 years. That takes us back to before the 2008 financial crash. This updated guidance identifies the actions that financial institutions should take to minimize the potential adverse effects of a pandemic.

Updated Guidelines & How It Relates to the Supply Chain for Cash:

• Communicating and coordinating with critical service providers and suppliers
  
• Money suppliers and armored car carriers
  
  
• Preparing for 40% of the workforce to be absentee
  
• How to order cash based on data and analytics in the event that 40% of your branch, operations and finance staff is unable to work
  
  
• The updated plans should consider customer/member reactions and ATM cash
  
• ATM/ITM fulfillment in the event of a pandemic and lobby closings
  
  
• Ongoing Oversight program to review and update the plan
  
• Keeping up with current daily, monthly and quarterly cash usage to ensure you are prepared at anytime