US blackout reveals remaining BCP challenges, experts testify
WASHINGTON, DC
-- Although financial sector disruptions caused by August’s massive power outage and September’s Hurricane Isabel in the northeast region of the US were minimal, financial executives and regulators testified before the US Congress that there are still kinks that need to be worked out of the industry’s disaster preparedness plans.In a hearing on Government and industry efforts to protect our money during blackouts, hurricanes and other disasters, industry participants and the
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