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Source: http://continuitycentral.com/news03928.htm
Details of Singapore financial sector pandemic exercise published
The Association of Banks in Singapore (ABS), the Monetary Authority of Singapore (MAS) and the Ministry of Home Affairs (MHA) will coordinate a two-week industry-wide exercise to test the Singapore financial sector?s pandemic response plans. The exercise will take place between 28th August and 11th September 2008.
The Industry-wide Exercise 2008 (IWE 2008), to be named Raffles II, will involve the participation of more than 100 financial institutions, including banks, finance companies, insurance companies, securities and broking houses, the Singapore Exchange (SGX), the Monetary Authority of Singapore as well as infrastructure providers such as NETS, Clearing and Payment Services (CAPS) and the Singapore Automated Clearing House.
Exercise Raffles II is designed to enhance participating organisations? understanding of the systemic risks engendered by a ?flu pandemic. It also allows individual organisations to test their crisis communications and business continuity plans to maintain the delivery of essential services as well as protect and monitor the health of their employees and business stakeholders.
The exercise will also enhance Singapore?s overall influenza pandemic readiness by integrating the financial sector?s business continuity plans and crisis responses with that of the Singapore government agencies.
The scenario for Raffles II will allow participants to walk through different stages of the pandemic. Injects would also be introduced to ensure realism, credibility and involvement throughout the simulation. Participants can also expect a cohesive exercise targeting on national and social as well as financial services issues including high level of market volatility and erosion of workforce.
?Date: 16th May 2008?
Details of Singapore financial sector pandemic exercise published
The Association of Banks in Singapore (ABS), the Monetary Authority of Singapore (MAS) and the Ministry of Home Affairs (MHA) will coordinate a two-week industry-wide exercise to test the Singapore financial sector?s pandemic response plans. The exercise will take place between 28th August and 11th September 2008.
The Industry-wide Exercise 2008 (IWE 2008), to be named Raffles II, will involve the participation of more than 100 financial institutions, including banks, finance companies, insurance companies, securities and broking houses, the Singapore Exchange (SGX), the Monetary Authority of Singapore as well as infrastructure providers such as NETS, Clearing and Payment Services (CAPS) and the Singapore Automated Clearing House.
Exercise Raffles II is designed to enhance participating organisations? understanding of the systemic risks engendered by a ?flu pandemic. It also allows individual organisations to test their crisis communications and business continuity plans to maintain the delivery of essential services as well as protect and monitor the health of their employees and business stakeholders.
The exercise will also enhance Singapore?s overall influenza pandemic readiness by integrating the financial sector?s business continuity plans and crisis responses with that of the Singapore government agencies.
The scenario for Raffles II will allow participants to walk through different stages of the pandemic. Injects would also be introduced to ensure realism, credibility and involvement throughout the simulation. Participants can also expect a cohesive exercise targeting on national and social as well as financial services issues including high level of market volatility and erosion of workforce.
?Date: 16th May 2008?