The Securities and Exchange Commission is now requiring members of the NASD and NYSE to develop business continuity plans and disclose to their customers a summary of those plans. Plans must cover data backup and recovery, backup communications systems, and customer access to funds, among other key areas. @ Link to the rules at SM Online.
Damage to a building’s fire and life safety systems can occur during an earthquake, making it difficult for people to evacuate the facility and impeding the work of first responders. Researchers from Worcester Polytechnic Instituteconducted a series of tests on a building that simulated post-quake fires. They assessed how the damage affected the passive and active fire protection systems to contain fire and smoke.
After a series of storms battered the state, Maryland convened a task to examine lessons learned and offer recommendations for improving the resilience of the state’s power grid. The group’s final report offers 11 recommendations, ranging from policy improvements to disaster drills.