SIFMA Posts Summary Of 2008 Industry-wide Business Continuity Planning Test - Test Netted Positive Results With An Increased Number Of Firms Participating

The Securities Industry and Financial Markets Association (SIFMA) has just released on its website a summary report of the results of its June Industry-wide Business Continuity Planning Test. 230 Financial Services firms participated in the test, an increase of 25 percent compared to the 2006 test. Also participating were exchanges, markets and Securities Information Processors (SIPs).

The goals of this year’s test were to: assess the ability of securities market participants to operate through a significant emergency from their backup data centers and work area recovery sites and to examine the overall level of resiliency of the markets; assess the ability of firms and markets to handle a delayed market opening, and provide firms and exchanges with an opportunity to test and evaluate their backup communications with the markets.

For the full summary report, go to: http://www.sifma.org/services/business_continuity/industry_test/2008-Industry-Test-Results.pdf