US Treasury applauds industry work on back-up systems

- By Risk Staff
- 01 Oct 2006

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That is according to Scott Parsons, deputy assistant secretary of the US Department of Treasury. Addressing the Financial and Banking Information Infrastructure Committee (FBIIC) in New York the day after the fifth anniversary of 9/11, Parsons took time to reflect on how things had changed for financial institutions since that morning.

"Developing and sharing accurate and timely information about threats is critically important. Through organisations like the FBIIC we have made dramatic

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