Credit Lyonnais Activates Disaster Recovery Procedures After Paris Fire

MANAGEMENT & OPERATIONS

Credit Lyonnais in Paris was forced to activate its disaster recovery procedures and move to a back-up dealing room last month, after a fire destroyed much of its Paris-based capital markets operation.

The fire occurred on May 5, completely destroying the bank's 180-position capital markets trading room and an associated server site.

Some two-thirds of the historic building in central Paris, parts of which were built by Gustave Eiffel, were destroyed by the blaze, the cause of which has not ye

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