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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