Pandemic Planning for Financial Institutions, 20 February, 2013
Host: Edward J. DeMarco, Director Operational Risk
Every organization needs a comprehensive crisis management plan as a component of its business continuity plan (BCP). Learn the distinctive characteristics associated with crisis management planning and organizational responses to an influenza pandemic.
Influenza pandemic planning poses unique challenges to the financial industry, requiring a critical need to include a pandemic-specific focus in business continuity planning efforts. This audio conference discusses the particular issues faced by the financial industry, and provides insights and elements that will support better planning and scenario building.
In an influenza pandemic, it will be people rather than infrastructure that will become unavailable, and it is the financial firms, with multiple offices and highly centralized support functions, which will be the most at risk.
The audio conference will walk you though possible scenarios, and will provide you with a crisis management response-planning framework. Prior to the audio conference you will receive a Crisis Management Operational Risk Control Self-Assessment, which will permit you to assess your organization's ability to respond to an influenza pandemic.
- Gain an overview of crisis management and potential impact.
- Learn the phases of an Influenza pandemic.
- Establish communication plans and infrastructure dependency plans.
- Understand the benefits of cross-training employees.
- Establish telecommuting plans.
Of course at the time of year of the conference, it probably was a good idea that it is an audio conference, since we don't want to be passing around to many viruses.
For individuals, pandemic situations are very difficult to deal with because most of us still need to pay bills, and cannot afford the extended periods of time that these incidents can last. You won't go broke if you keep your kids out of school for two months - though you might go crazy - but, most people will have a hard time keeping their job, unless they can telecommute, or fake a maternity leave.