Financial sector to test flu pandemic readiness
| 05.29.2007 | 09:42:55 | Views: 3318 | ID:
May 29 '07: Financial sector officials have announced a flu pandemic response and preparedness exercise to be help in cooperation with the federal government, FinExtra.com reported. The exercise will take place later in the year and it will last several weeks to help simulate a "full pandemic wave".
To help organize the exercise will be the U.S. Dept. of Treasury and theFinancial Service Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security will sponsor the exercise while the Financial and Banking Information Infrastructure Committeewill cooperate with the Centers for Disease Control and Prevention, and the Securities Industry and Financial Management Association to help manage and plan the event.The simulation "is similar to tests conducted in London's financial district last year which found that absence rates at financial firms could top 60% in some business units in the event of a bird flu outbreak, with heaviest impact on customer-facing retails financial services," FinExtra.com reported. The event was spurred by a Government Accountability Office report which found that "some key financial markets participants are still not fully prepared for dealing with an avian flu outbreak and called on regulators to set deadlines by which firms should have contingency plans in place," the website reported.
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