SIA announces business continuity guidelines for "Unexpected Market Close"

This is the second set of guidelines since the Depository Trust & Clearing Corporation, in mid-March, published its draft plan to address interruptions in daily processing due to unscheduled closings or a protracted system failure. The plan summarises how DTCC would handle these incidents and also encourages industry participants to assess their own operations.

John Panchery, SIA vice-president and managing director, systems and technology, said: “This paper is the result of four months of

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