Blackout prompts industry calls for tougher BCP standards


NEW YORK -- US and Canadian financial services industries may have gotten through the August 14 blackout more or less in one piece. But in the wake of the biggest power outage in North American history, debate over the role of federal regulators in setting standards for business continuity planning (BCP) looks likely to flare up once again.

Many institutions' disaster recovery plans seemed to function rather well, stemming widespread business interruptions and preventing major data losses

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