SIFMA publishes summary of 2008 Industry-wide Business Continuity Planning Test

The US Securities Industry and Financial Markets Association (SIFMA) has released a summary report of the results of its June Industry-wide Business Continuity Planning Test. 230 Financial Services firms participated, an increase of 25 percent compared to the 2006 test. Also participating were exchanges, markets and Securities Information Processors (SIPs).

The goals of this year’s test were to: assess the ability of securities market participants to operate through a significant emergency from their backup data centers and work area recovery sites and to examine the overall level of resiliency of the markets; assess the ability of firms and markets to handle a delayed market opening, and provide firms and exchanges with an opportunity to test and evaluate their backup communications with the markets.

Click here for the full summary report (PDF)

•Date: 31st July 2008• Region: US •Type: Article •Topic: BC testing and exercising
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