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Potential Terrorist Attacks Additional Actions Needed to Better Prepare Critical Financial Market Participants

By General Accounting Office

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Book Id: WPLBN0000217368
Format Type: PDF eBook
File Size: 5.8 MB
Reproduction Date: 2005
Full Text

Title: Potential Terrorist Attacks Additional Actions Needed to Better Prepare Critical Financial Market Participants  
Author: General Accounting Office
Volume:
Language: English
Subject: Government publications, Accountability in government, United States. General Accounting Office
Collections: Government Library Collection, Government Accountability Integrity Reliability Office Collection
Historic
Publication Date:
Publisher: United States General Accounting Office (Gao)

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Office, G. A. (n.d.). Potential Terrorist Attacks Additional Actions Needed to Better Prepare Critical Financial Market Participants. Retrieved from http://hawaiilibrary.net/


Description
Government Accountability Integrity Reliability Office Collection

Excerpt
Excerpt: The September 11 attacks severely disrupted U.S. financial markets, resulting in the longest closure of the stock markets since the 1930s and severe settlement difficulties in the government securities market. While exchange and clearing organization facilities were largely undamaged, critical broker?dealers and bank participants had facilities and telecommunications connections damaged or destroyed. These firms and infrastructure providers made heroic and sometimes ad hoc and innovative efforts to restore operations. However, the attacks revealed that many of these organizations? business continuity plans (BCP) had not been designed to address wide-scale events.

 

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