Planning for the unthinkable now crucial, says SIA report

NEW YORK -- Contingency planning is absolutely critical in the light of the September 11 attacks in New York as a way of mitigating the physical and operational risks faced by financial firms, a Securities Industry Association (SIA) research report said in December.

Planning for the unthinkable and the unimaginable must become the norm in the wake of recent shocks to the financial system, SIA chief economist and director of research Frank Fernandez said as author of the report on the changing

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