Federal watchdog says Wall Street isn't prepared for a pandemic
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 ó which could begin at any time ó 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."
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