WASHINGTON – The Federal Financial Institutions Examination Council (FFIEC) has issued guidance today that credit unions and other financial institutions can use when preparing for a possible pandemic.
The guidance expands upon the contents of the Interagency Advisory on Influenza Pandemic Preparedness issued in March 2006, the Council said.
In its instructions the Council pointed out that unlike most natural or technical disasters and malicious acts, the larger scale and longer duration of a pandemic make preparation for more difficult.
Because of the greater scale and duration, no individual or organization is safe from the potential adverse effects of a pandemic event. Experts believe the most significant challenge may be the severe staffing shortages that will likely result from a pandemic outbreak.
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