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Headline: Recovery wakes up to extreme risk Source: Euromoney Date: November 2001 Author: Jonathan Brown The terrorist attacks of September 11 posed an unprecedented challenge to banks specializing in global custody. Most of them seemed to cope well enough. But the scale of the disruption has focused attention on the need to develop back-up and recovery systems that can cope with widespread destruction, rather than merely deal with localized IT glitches, and can encompass communications links with peer banks and clients. |
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