Commentary

Anne Plested
Traders Magazine Online News

Bottlenecks Ahead

Anne Plested, head of Fidessa's EU Regulation Change programme, has written a short blog arguing that although we should be thankful that ESMA have taken a pragmatic approach to moving things along, more bottlenecks could appear in the future.

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March 1, 2003

Another Disaster?

By Gregory Bresiger

Wall Street needs to take more steps to improve its business continuity planning. That was what a Congressional investigating agency recently reported. It has examined the emergency planning of some 15 organizations, including several exchanges.

"Our review indicated that most of the 15 organizations faced greater risk of operations disruptions because their business continuity plans did not adequately address how they would recover if large portions of their critical staff were incapacitated," according to Davi M. D'Agostino, the GAO's director of financial markets and community investment.