COVID-19 Enterprise-Wide Risk Assessment
Updated 08/07/2020
This tool is intended to be used in conjunction with the recent Interagency Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Financial Institutions. It will allow the bank to assess the current risk environment covering the generally accepted banking risk categories, including credit, compliance, and reputation risk to name a few. In addition to the risk assessment, the tool contains a reporting template that can be used to summarize the bank’s risk ratings and be shared with Management and/or the Board of Directors, as appropriate.
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