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Board of Governors of the Federal Reserve System
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Board of Governors of the Federal Reserve System

Supervisory Policy and Guidance Topics

Operational Risk Management

Operational risk arises from the potential that inadequate information systems, operational problems, breaches in internal controls, fraud, or unforeseen catastrophes will result in unexpected losses (SR 95-51). Although operational risk does not easily lend itself to quantitative measurement, it can result in substantial costs through error, fraud, or other performance problems. The growing dependence of banking organizations on information technology emphasizes one aspect of the need to identify and control this risk.
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Policy Letters

Operational Risk Management

SR 14-8
Consolidated Recovery Planning for Certain Large Domestic Bank Holding Companies
SR 14-1
Heightened Supervisory Expectations for Recovery and Resolution Preparedness for Certain Large Bank Holding Companies - Supplemental Guidance on Consolidated Supervision Framework for Large Financial Institutions (SR letter 12-17/CA letter 12-14)
SR 13-24
Managing Foreign Exchange Settlement Risks for Physically Settled Transactions
SR 13-19 / CA 13-21
Guidance on Managing Outsourcing Risk
SR 13-16
End of Microsoft Support for Windows XP Operating System
SR 13-6 / CA 13-3
Supervisory Practices Regarding Banking Organizations and their Borrowers and Other Customers Affected by a Major Disaster or Emergency
SR 11-10
Interagency Counterparty Credit Risk Management Guidance
SR 10-11
Interagency Examination Procedures for Reviewing Compliance with the Unlawful Internet Gambling Enforcement Act of 2006
SR 07-5
Interagency Statement on Sound Practices Concerning Elevated Risk Complex Structured Finance Activities
SR 06-5
Influenza Pandemic Preparedness
SR 03-9
Interagency Paper on Sound Practices to Strengthen the Resilience of the U.S. Financial System
SR 01-15 (SUP)
Standards for Safeguarding Customer Information
SR 00-17 (SPE)
Guidance on the Risk Management of Outsourced Technology Services
SR 91-20
Environmental Liability

Additional Resources

Payment Systems  

Manual References

Last update: September 19, 2016