Community
Interested in the Finextra community thoughts on Pandemic planning frameworks and dealing with the H1N1 flu (Swine flu) in other countries.
In Australia, the regulator has released guideline on planning for pandemics that includes the potential for 25-50% of staff working from home for 6 months - how many systems can last that long untended locally? see this for the prudential practice guide from APRA http://www.apra.gov.au/Media-Releases/06_49.cfm
The regulator has also given some guidelines to some local banks on how to reset the stress testing - see http://www.apra.gov.au/ADI/upload/AMA-Accredited-ADIs-letter-re-pandemic-risk-paper-26-May-2009.pdf (thanks to ozrisk.net for the APRA letter link)
We have contemplated how it effects our business, because it won't just be the bank staying at home - vendors & developers will be too!
We briefly summarise the changes to our Business Continuity Planning here at http://web.mac.com/brentjackson1/Rubik_Financial_-_technology_for_your_financial_services_business/News/Entries/2009/5/29_Pandemic_planning.html
How are other countries dealing with this, is it a Y2K or a 'file and forget'?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Ritesh Jain Founder at Infynit / Former COO HSBC
08 January
Steve Haley Director of Market Development and Partnerships at Mojaloop Foundation
07 January
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
06 January
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