Video: Japan earthquake highlighted ‘lifeline role’ of banking services
Hiromi Yamaoka from the Bank of Japan, Masao Hasegawa from MUFG, and Takashi Oyama from Norinchukin Bank explain the lessons learned following the Great East Japan Earthquake on March 11. These include the importance of comprehensive business continuity plans (BCPs) as well as how banks need to facilitate emergency access to funds
Banking leaders learned a number of valuable lessons from the Great East Japan Earthquake in March such as the importance of comprehensive business continuity plans (BCPs) but also how banks can play a role in binding a community together.
At some banks, BCPs worked well and even in earthquake-hit areas, branches opened on Saturday, the day after the earthquake and tsunami struck. "Because of the
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