The Federal Reserve along with the other Federal Financial Institutions Examination Council (FFIEC) agencies has invited financial institutions to participate in the U.S. 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. Financial institutions may want to consider this exercise as an opportunity to test their pandemic contingency programs and to identify opportunities for improvement.
The exercise is scheduled to begin September 24, 2007, and conclude on October 10, 2007. The exercise is voluntary and there is no fee to participate. Detailed information about the exercise and registration is available at the pandemic flu exercise website.
See the SR letter for full details.