US banks ready for bird flu

BUSINESS CONTINUITY

"While a pandemic flu presents unique challenges, banks have an established history of disaster preparedness and will be ready," Yingling told the House Financial Services Subcommittee in late June during a hearing on Pandemic influenza preparedness in the financial services sector. Yingling said banks are addressing the unique risks associated with a 'flu outbreak, including developing business continuity plans that take into account the different phases of a potential pandemic; recognising