In HK, Banks Eye Contingency Sites As Two Vendors Ready Rooms
SPECIAL REPORT: DISASTER RECOVERY
After years in which the predominant disaster recovery strategy for banks in Hong Kong was to shift trading to other financial centres or to throw themselves at the mercy of their market data vendor, several banks in Hong Kong are now actively formulating plans for contingency trading. Among the most aggressive of these are BankAmerica, Bankers Trust, Citicorp and Hongkong Bank.
Driven in large part by these banks' demands, two vendors have stepped forward to seek customer commitments for
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