You'd think the human cost of terrorism would top priorities of anyone tasked with planning against a large scale attack. Yet a new report suggests banks' catastrophe planners could be overlooking staff.
Disaster planners have ensured IT systems will function after an atrocity according to the joint report from the FSA, the Treasury and the Bank of England, but less attention has been devoted to the potentially devastating effect on employees. Half of the 62 financial institutions surveyed had done nothing to prepare for human casualties; 20% had no details of next of kin. JP Morgan has apparently issued interested recipients with whistles and dust masks, however.
Does your organisation have a plan in place for its employees? Does the general lack of preparation say something about banks' attitudes to the people who work for them, or is it inevitable that crucial trading systems come first? Let us know what you think.
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