Federal watchdog says Wall Street isn't prepared for a pandemic

Wednesday, 2 May 2007, 9:56 AM EST

The U.S. government's watchdog agency warned Tuesday that the country's financial markets haven't finished planning for a potential flu pandemic and recommended that federal banking and securities regulators set deadlines for completing the work.

The Government Accountability Office said in a newly released report that if securities exchanges "fail to produce fully robust plans before an outbreak which could begin at any time they may have insufficient time and resources to adequately prepare their staffs and customers for changes in how the organizations will operate during a pandemic."

At Computerworld.

[ Read more ]




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