At New York-based Lehman Brothers, BCP continues to be a top priority.
BCP: Expect the Unexpected
The July terrorist bombings had only a minor impact on London's financial community, mainly because of existing business continuity plans. However, as a result of the tragedy, firms on both sides of the Atlantic are revisiting their procedures.
Financial IT Megatrends
In addition to traditional IT spending, financial services institutions will invest another $100 billion in external spending on business process transformation by 2010, according to TowerGroup president and chief executive Karen Cone.
Basel II Falls Flat
Despite increased efforts, banks are less certain about the benefits of Basel II compliance, according to a recent survey by Accenture.
BCP: Murphy’s Law Applies
Prior to the London bombings in July and the recent disaster along the Gulf Coast caused by Hurricane Katrina, studies and grumblings in the corporate world indicated that business continuity planning (BCP) was no longer a top priority.