Fed wants September 11 issues tackled before another disaster occurs

NEWS

WASHINGTON -- US financial regulators want the lessons learnt from the September 11 attacks on New York’s financial district addressed before the next disaster, "whenever and whatever it may strike", a senior US central banker said in early March.

But regulators are stopping short of setting detailed regulatory standards on the business continuity plans of financial firms, given the difficulty of predicting where and how the next such catastrophic event might occur.

US Federal Reserve Board vi

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