The Ontario Securities Commissions has issued a notice emphasizing the importance of business continuity planning.The notice indicates that the OSC is part of the global efforts to address the potential impact of incidents that could disrupt normal business operations, which is an ongoing priority for financial industry participants and financial regulatory authorities. Recent acts of […]
Stress-testing excercises aimed at testing further enhancing system’s effectiveness in addressing a crisis situation
Stress-testing excercises aimed at testing further enhancing system’s effectiveness in addressing a crisis situation
Increased participation and encouraging results in second annual test
Urges governments to take a more proactive role in working with insurance industry
Joint Forum issues set of guiding principles
Firms prepared to recover quickly from major disruption
1,000 people, 80 firms take part
Over 150 U.S. securities firms participated with no major problems
Members must have business continuity plan in place by mid-2006