FFIEC News

Invitations issued for US financial services sector pandemic planning exercise

(Aug 19, 2007)-- The Federal Financial Institutions Examination Council (FFIEC) has issued a formal invitation to financial institutions to participate in a US Treasury Department sponsored industry-wide business continuity exercise for members of the financial services sector.

The purpose of the exercise is to test the financial sector’s ability to respond to a pandemic like crisis, such as an influenza pandemic. The exercise targets all financial services organizations across the United States including banks, thrifts, credit unions, securities firms, and insurance companies.

The exercise will simulate one wave of a pandemic-like event and is scheduled to begin on September 24, 2007, and conclude on October 10, 2007. The exercise is voluntary and there is no fee to participate.

Participating financial institutions will conduct the exercise anonymously from their own locations through electronic mail and a secure website.

Detailed information about the exercise and registration is available at www.fspanfluexercise.com

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