Keeping the lights on
OPEN PLATFORM: BUSINESS CONTINUITY PLANNING
Disaster-recovery sites based on the ‘lights out’ philosophy of financial enterprise management leave a lot to be desired post-September 11 and the Sars epidemic. And regulatory pressures -- particularly those stemming from the Basel II Capital Accord -- are driving firms to re-examine operational risk. Tim Furmidge, head of product management for trading systems at systems integration firm Syntegra, looks at the current challenges posed by business continuity planning
It’s a nightmare scenario -
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