Split-operations recovery model is in vogue post-September 11
CHICAGO, ILLINOIS -- Some financial firms are moving towards a ‘split operations’ model for their businesses in the light of the September 11 attacks on New York’s financial district, US Federal Reserve Board vice-chairman Roger Ferguson said in May.
Under that model, two or more active sites provide back-up for one another, and one site can absorb some or all of the critical work of the other for an extended time, Ferguson told a conference on bank structure and competition at the Federal
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