Wall Street’s Battle With BCP Regulation, Round Two
Under increased scrutiny, the industry has banded together to prevent what it sees as costly and constrictive business continuity regulations.
After its vigorous response to an interagency white paper that recommended a 300-mile separation between data centers this past winter, Wall Street is not getting much of a breather. Now, the United States General Accounting Office (GAO) has entered the fray with its recently submitted report to the House of Representatives’ Committee on Financial Services, which similarly calls for increased regulation.
This time, however, most of the agency’s recommendations focus on improving the authority
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