August 29, 2007

I GUESS IT’S GOOD THAT THEY’RE PREPARING:

What may be the largest pandemic planning exercise ever conducted in the U.S. is set to begin next month. The dry run will force financial services firms to operate with shrinking numbers of employees — on paper, at least.

More than 1,800 organizations have signed up to participate in the three-week simulation, which is being sponsored by the U.S. Department of the Treasury and the Securities Industry and Financial Markets Association.

I hope we never need to use the knowledge it produces, though.