GAO: More Disaster Preparation Needed
RECOVERY AND CONTINUITY
WASHINGTON—With the recent issuance of the U.S. Government Accountability Office's (GAO's) report on the disaster recovery preparedness of the financial markets, the U.S. Securities and Exchange Commission (SEC) has been taken to task for perceived lapses in industry-wide business continuity planning (BCP).
In the September 2004 report, "Financial Market Preparedness: Improvements Made, but More Action Needed to Prepare for Wide-Scale Disasters," the GAO states that since its 2003 report, "all of
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