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Financial Services Law Insights and Observations

Texas Department of Banking issues business continuity planning recommendations

State Issues Texas State Regulators Business Continuity Covid-19

State Issues

On March 30, the Texas Department of Banking, in conjunction with the Independent Bankers Association of Texas and the Texas Bankers Association, issued a set of recommendations for banks to consider as they develop business continuity plans during the Covid-19 crisis. The guidance specifically notes that the recommendations do not constitute required action.