SEC view of DR and Business Continuity
A presentation by Mary Ann Gadziala, Associate Director of the U.S. Securities and Exchange Commission (SEC) in 2003 discussed business continuity issues arising from 9/11. In Disaster Recovery and Business Continuity Planning, she specifically noted an overriding requirement for financiaol institutions to resume vital clearing and settlement operations on the same day as a major incident, ideally within 2 hours. In practice, this implied highly resilient systems with some form of dual-live/multiply-redundant or hot standby arrangement, and significant investment in IT by the entire [US] financial services industry by April this year. The risk of systematic failure of the banking system shines out from the page.
More resilience and DR resources
More resilience and DR resources
Labels: Availability, Risk
Blogged 21:54
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