2001: Backup Plans Became Main Focus After WTC Attacks
DISASTER RECOVERY
NEW YORK AND LONDON--The attacks on the World Trade Center in New York on Sept. 11 gave a whole new meaning to the terms disaster recovery, operational risk and business continuity for trading floors. Firms are now convinced that trading room backup plans must be in place, and workable, in case of other mitigating circumstances.
Although the financial markets held up reasonably well in the aftermath of the WTC attacks, there were significant problems with areas like payment systems and
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