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ABAG Infrastructure Interdependencies Workshop May 2 nd , 2012

Financial Sector Interdependencies From All Angles. ABAG Infrastructure Interdependencies Workshop May 2 nd , 2012. Vice Chair, BARC first. Internal Dependencies. People Technologies Facilities Communications Capabilities Etc.

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ABAG Infrastructure Interdependencies Workshop May 2 nd , 2012

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  1. Financial Sector Interdependencies From All Angles ABAG Infrastructure Interdependencies Workshop May 2nd, 2012 Vice Chair, BARCfirst

  2. Internal Dependencies • People • Technologies • Facilities • Communications Capabilities • Etc. All of which are interrelated and can be dependencies of each other.

  3. External Dependencies • Power • Transportation • Critical Vendors/Suppliers including: • Other Financial Institutions • The Federal Reserve • Armored Car Carriers • Facilities Management Companies • Etc. • Public Sector Authorities

  4. Most Important: Your Dependencies on Financial Institutions If one or more banks is impacted by a regional crisis… • Will your business be able to perform financial transactions and, if not, how will that impact your business? • Will you be able to do personal financial transactions or even get cash out of an ATM? • Do you have “options?”

  5. Oversight to Ensure Preparedness • Federal Financial Institutions Examination Council (FFIEC) • Comptroller of the Currency (OCC) • Other Financial Sector oversight, where applicable, like the Securities Exchange Commission. • Recognized national and/or international standards like NFPA 1600, BS 25999, and the emerging “giant in the room,” the International Standards Organization’s ISO 22301 standard on Business Continuity. • Banks may have an additional obligation to certify against one of those standards under the Private Sector Preparedness Accreditation and Certification Program (PS-Prep).

  6. Financial Sector Coalitions Not just Financial Sector – Part of National, State, Regional, and Local Partnerships

  7. How effective have preparedness efforts proven to be? In California….

  8. California Wild Fires and Earthquakes (Almost annually.) http://latimesblogs.latimes.com/lanow/wildfires/ www.consrv.ca.gov/cgs/geologic_hazards/earthquakes/Pages/index.aspx 8

  9. H1N1 Pandemic Scare www.nytimes.com/2011/02/08/health/08glob.html?_r=1&n=Top/Reference/Times%20Topics/Subjects/I/Influenza/Swine%20Influenza?ref=swineinfluenza 9

  10. San Bruno Gas Line Explosion http://heraldsun.com/view/full_story/11287132/article-Explosion-highlights-lax-pipeline-rules 10

  11. BART/Mehserle Trial and Many “Occupy” Events Causing Civil Disruption http://articles.nydailynews.com/2010-07-09/news/27069536_1_subway-platform-johannes-mehserle-oscar-grant 11

  12. The Financial Sector seems to have come through all of that pretty well due to preparedness. BarryCardoza@BarryCardoza.com

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