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Article: Disaster planning has only just begun despite continued dangers.
- Article from:
- Financial News
- Article date:
- September 8, 2002
CopyrightCOPYRIGHT 2002 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Phillipa Leighton-Jones
A year ago, business contingency planning (BCP) was a dull, peripheral and largely unknown part of an investment bank's business support. With the exception of the World Trade Center bomb in 1993, the worst BCP teams had prepared for were telecoms or power outages, or a small fire on one of their floors.One year on from September 11, BCP has taken centre stage and shot to the top of many banks' priority lists. In a rare example of solidarity, Wall Street firms have been working together to develop a post-9/11 strategy.
But even after 9/11, many are concerned that Wall Street is not moving fast enough. Last week, four ...