Industry Slips on Phase One of BCP Tests
NEW YORK - The U.S. securities industry will wind down Phase 1 of industry-wide business continuity planning (BCP) tests later than expected and will begin Phase 2 in the third quarter of next year, confirm officials who are taking a lead role in the testing effort.
Originally, the second phase was to have begun by the start of 2004. But "it’s now apparent that Phase 1
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