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LESSONS LEARNT

LESSONS LEARNT. Presented to ACSDA Conference, April 2013. THE CALM…. JCSD/JSE well documented and tested BCP Robust infrastructure Remote-operation capabilities Inland real-time hot-site Collaborative agreements Experienced several hurricanes before Pre-hurricane season drills/fail-overs

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LESSONS LEARNT

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  1. LESSONS LEARNT Presented to ACSDA Conference, April 2013

  2. THE CALM… • JCSD/JSE well documented and tested BCP • Robust infrastructure • Remote-operation capabilities • Inland real-time hot-site • Collaborative agreements • Experienced several hurricanes before • Pre-hurricane season drills/fail-overs • Risk checklist implemented at storm warning • Generator fuel/emergency notice system • Key contacts and stakeholders notified

  3. THE STORM • Oct 22, 2013 – Tropical depression formed • Just south of Jamaica, heading NNE • Upgraded to tropical storm later that day • Oct 24 – Slowed and strengthened, headed N • Upgraded to hurricane • Moves slowly across • 80mph winds/Cat. 1 • Oct 25 – Hits Cuba • Goes on to become “Super-storm Sandy” Jamaica Haiti

  4. THE EYE

  5. DAMAGE Minor infrastructure 1 person killed Many roads closed Crops and livestock lost Widespread power disruption

  6. THE IMPACT • Schools, businesses, market closed Oct 24 - 25 • Central Bank closed, no settlement possible • JCSD functional (remotely) • Banking resumed Oct 26 • JCSD operates from on-site • Skeleton crew, generator power • Calendar reset due to intervening inactive days • Clean-up over weekend • Brokers, participants knew of BOJ notices before we did

  7. LESSONS LEARNT • Preparedness of other stakeholders is critical • Attempt co-ordination of alerts/notices • Agree timing and scale of responses • Further improve remote access capabilities • Allow remote reset of calendar, etc. • Again consider negatives of physical location • Widen emergency communication measures • Include “non-critical” staff, other stakeholders • Include key media outlets

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