Business continuity

Only a Drill

On a clear day in May, financial firms simulated a worst-case scenario for an industry trying to prepare for the next 9/11.

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…

SIAC Says SFTI Passed Blackout Test

NEW YORK - Officials of the Securities Industry Automation Corp. (SIAC) report that its Secure Financial Transaction Infrastructure (SFTI) network in greater New York went uninterrupted during the August 14 blackout that hit North America.

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