Business continuity
DTCC opens remote data centre
Business continuity
Speed The Recovery
Half of the time it now takes for Evergreen Investments to restore its data in its offsite data center is spent driving to the disaster recovery site.
US agencies issue final BC guidelines
BUSINESS CONTINUITY
SARS outbreak tests Asian business continuity plans
BUSINESS CONTINUITY
City firms focus on business continuity as Iraq war increases terrorist threat
The threat of terrorist attacks in response to US and UK military intervention in Iraq has highlighted the need for financial institutions operating in the UK to have suitable business continuity arrangements, a senior UK regulator said in March.
Wall Street’s Battle With BCP Regulation, Round Two
Under increased scrutiny, the industry has banded together to prevent what it sees as costly and constrictive business continuity regulations.
Sweating the Small Stuff
Preparing for catastrophes is only part of it. More frequently (albeit less extensively), firms are testing their readiness for water main breaks, subway strikes and power outages.
IMF study shows Basel weaknesses in offshore centres
Many offshore centres have weaknesses in the on- and off-site supervision of their banking systems, as well as "less material weaknesses" in their credit supervision and market risk, according to a study by the International Monetary Fund (IMF).
SIA expects SEC guidance on trade resumption
BUSINESS CONTINUITY
A disaster waiting to happen
Despite the threat of increased terrorist attacks and war with Iraq, financial institutions are still struggling to find the funds to invest in appropriate business continuity plans.
Nybot Plans for 'Triangular' Continuity
NEW YORK — The New York Board of Trade (Nybot) will apply a "triangular" approach to business continuity—a weaving together of primary, on-site and remote disaster recovery data centers—as part of its relocation to Lower Manhattan, officials said last…
European business continuity expenditure set to double
BUSINESS CONTINUITY
GAO report slams industry and regulators alike for absent plans
BUSINESS CONTINUITY
Wall Street Hones BCP Testing
NEW YORK—Wall Street will be honing the coordination of its voluntary industry-wide testing of business continuity planning (BCP) this year, according to a representative of the Securities Industry Association's (SIA) BCP Industry Testing sub-committee…
FSA calls for firms to keep business continuity a priority
The UK's chief financial watchdog, the Financial Services Authority (FSA), has called on the 12,000 firms it regulates to keep business continuity as a priority.
Regulators focusing on clearing and settlement risks, says Tower
Business continuity issues involved in the clearing and settlement process are becoming a focal point for regulators, according to a new report published by US consultancy, Tower Group.
Diversification of Morgan Stanley
One year after Sept. 11, Morgan Stanley contemplates a simple thought with complex repercussions: Don't put all of your eggs in one basket.
UK operational risk policy backs enterprise-wide risk management
With comments on the UK regulators' operational risk paper due by October 31, IBM's Pierre Pourquery says the proposals go above and beyond Basel II.
Letter to the Editor: Forbearance measures needed for Basel II
Wilson Ervin and I published an article in Risk last year on the danger that the Basel II proposed reforms of bank capital will lead to procyclicality, ie, pressure on banks to sell assets or raise capital at inopportune times, due to the risk…
Firms Voice Frustration over FSA Continuity Plans
Firms say "toothless" disaster recovery guidelines will result in inconsistent plans.
Lessons Emerging from Disaster
Web access to market data and other tools could trim costs of maintaining redundant office space.
Industry On Alert
A joint finance-technology-government effort to safeguard the market infrastructure has already resulted in a secret command center and preliminary guidelines for industry-wide best practices.
Sep 11 attacks make Basel II more relevant
The September 11 attacks on New York’s financial district have made the operational risk provisions of the proposed Basel II banking accord "much more relevant to many more people", a paper by business consultants Aroq Research said in March.
SAN Storm
Disaster recovery issues have thrust network-based storage into the spotlight. Lehman Brothers reveals the complex layers of storage systems that allowed business to continue after last year's World Trade Center attacks.