Comment Re:How useful is that? (Score 1) 150
Very useful. I work in the financial industry. Not only are we starting to be required by regulators to prepare for this kind of thing, many of us feel it's our responsibility to ensure that Banks can continue to process financial transactions to serve the community. If you ask the question today: "How do we perform our nightly processing if half of our operations staff is home sick and another quarter is stuck in quarantine somewhere," the answer will be pretty thin. If you ask the same question in a year, you'll find we're on the road towards contingency plans, better automation, and secure remote control of the nightly posting process, if I may hazard a guess. Think how many different questions like the one above can be asked in a day. This drill will kick off a lot of plans, which will be tested and further improved in future tests & exercises.
This exercise will not be a one-time thing. It will be taken seriously by the better managed institutions, and in a few years your local economy will have much better odds at surviving such an event.
I know it's easy to write these kinds of things off as frivolous, but my personal experience is that this headline has substance behind it.
This exercise will not be a one-time thing. It will be taken seriously by the better managed institutions, and in a few years your local economy will have much better odds at surviving such an event.
I know it's easy to write these kinds of things off as frivolous, but my personal experience is that this headline has substance behind it.
