The survey found that while investment management firms were well-prepared for Hurricane Sandy thanks to advance warnings, the storm still caused major disruptions. Firms activated business continuity plans ahead of the storm and few had to fail over to disaster recovery sites. However, widespread power outages and transportation closures made it difficult for many employees to telecommute or get to work. As a result, firms are re-evaluating locations of facilities and the reliance on key service providers. The storm demonstrated the importance of effective communication, testing of plans, and leveraging global offices during incidents.
Parallel Patterns for Window-based Stateful Operators on Data Streams: an Alg...Tiziano De Matteis
Talk given at HLPP 2015
For the version with transition please check: https://docs.google.com/presentation/d/1yhsSff97f434wR-VA1szlqKxx52YMYKkdw1GVkBDyF8/edit?usp=sharing
This document provides a summary of a book about developing a digital banking strategy. It discusses how most banking systems are outdated given advances in technology and customer demands for digital services. The book provides insights from banking experts on how to evolve business models to adapt to mobile and cloud computing. It also profiles examples of innovative digital approaches from both traditional banks and startups. The summary concludes that the book is essential for understanding the future of banking, commerce, and business in the digital age.
EXANTE Cross-Asset Portfolio Margin Risk Calculation for Hedge Funds TradingEXANTE
This document proposes a new risk calculation and control system for a broker that provides algorithmic trading. The current risk scheme has drawbacks like slow limit updates, a lack of portfolio margin calculation, and high traffic between components. The proposed system would calculate risk in near real-time using cross-asset portfolio margining. It would leverage margin coefficients that do not depend on accounts and centralized free money calculations to determine symbol limits. This approach aims to provide fast risk updates and checks while supporting a large number of symbols and accounts and using orders data to calculate accurate portfolio margins.
A Multicore Parallelization of Continuous Skyline Queries on Data StreamsTiziano De Matteis
This document summarizes a research paper on parallelizing continuous skyline queries over data streams using multicore processors. The paper presents an eager algorithm for computing skyline queries over sliding windows of data streams. It parallelizes the algorithm using a map-reduce pattern across multiple worker threads, and proposes optimizations like asynchronous reduce and load-balancing owner selection policies. Experimental results show the parallel approach achieves near-linear speedup and scales throughput up to hundreds of thousands of points processed per second.
Ch.14: Introducing Variety in Risk ManagementYoshi S.
This document discusses introducing the concept of variety as a measure of risk in financial markets. It defines variety as the dispersion of returns across stocks on a given day, as opposed to volatility which measures fluctuations in the overall market index. The document presents a one-factor model showing that variety and volatility should be positively correlated. Empirical analysis finds variety is correlated with the market return and the correlation differs based on whether the market return was positive or negative. Large positive market days show skewness toward a few outperforming stocks, while large negative days show the opposite skewness.
Дракон в мешке: от LLVM к C++ и проблемам неопределенного поведенияPlatonov Sergey
В этом докладе Дмитрий кратко рассказывает о таком звере, как LLVM, о котором много кто слышал, но немногие щупали.
Что такое компилятор на самом деле? Как происходит компиляция программы, как работают оптимизации и, наконец, откуда берется неопределенное поведение в детерменированных программах на C++?
Our trading infrastructure for next generation trading with quant and automat...Bryan Downing
This document discusses tools for developing trading infrastructure and algorithms. It recommends Matlab for prototyping due to its ease of use, training resources, and acceptance in financial institutions. For implementation, it suggests using Microsoft .NET with C# for the fastest development time to market, and deploying on Windows Server. It recommends IQFeed for real-time and historical market data, and Interactive Brokers for affordable order execution that supports automation through their API. It also promotes joining QuantLabs.net for learning resources.
A Flash Crash Simulator: Analyzing HFT's Impact on Market QualityYoshi S.
A 2014 CFTC report has concluded that the 2010 Flash Crash was not caused by high-frequency traders but was exacerbated by them with their market-making strategy known as the electronic liquidity provision (ELP). This paper presents a computational analysis of the impact of ELP-HFTs on core market quality during a flash crash. Specifically examined is how ELP-HFTs affect the attributes of core market quality such as liquidity, bid-ask spreads, and short-term price volatility. To investigate the question, we build a zero-intelligence limit order book (LOB) simulator from scratch, implement the ELP strategy in it, and execute simulations in which a flash crash is artificially created. Our results show that ELP-HFTs reduce bid-ask spreads, mitigate short-term volatility, and increase total trade volume. The increase in total trade volume is attributed to what is known as the “hot-potato” effect, which was also observed during the 2010 Flash Crash. However, we conclude that the ELP strategy by itself does not amplify directional price moves despite hot-potato effects.
Parallel Patterns for Window-based Stateful Operators on Data Streams: an Alg...Tiziano De Matteis
Talk given at HLPP 2015
For the version with transition please check: https://docs.google.com/presentation/d/1yhsSff97f434wR-VA1szlqKxx52YMYKkdw1GVkBDyF8/edit?usp=sharing
This document provides a summary of a book about developing a digital banking strategy. It discusses how most banking systems are outdated given advances in technology and customer demands for digital services. The book provides insights from banking experts on how to evolve business models to adapt to mobile and cloud computing. It also profiles examples of innovative digital approaches from both traditional banks and startups. The summary concludes that the book is essential for understanding the future of banking, commerce, and business in the digital age.
EXANTE Cross-Asset Portfolio Margin Risk Calculation for Hedge Funds TradingEXANTE
This document proposes a new risk calculation and control system for a broker that provides algorithmic trading. The current risk scheme has drawbacks like slow limit updates, a lack of portfolio margin calculation, and high traffic between components. The proposed system would calculate risk in near real-time using cross-asset portfolio margining. It would leverage margin coefficients that do not depend on accounts and centralized free money calculations to determine symbol limits. This approach aims to provide fast risk updates and checks while supporting a large number of symbols and accounts and using orders data to calculate accurate portfolio margins.
A Multicore Parallelization of Continuous Skyline Queries on Data StreamsTiziano De Matteis
This document summarizes a research paper on parallelizing continuous skyline queries over data streams using multicore processors. The paper presents an eager algorithm for computing skyline queries over sliding windows of data streams. It parallelizes the algorithm using a map-reduce pattern across multiple worker threads, and proposes optimizations like asynchronous reduce and load-balancing owner selection policies. Experimental results show the parallel approach achieves near-linear speedup and scales throughput up to hundreds of thousands of points processed per second.
Ch.14: Introducing Variety in Risk ManagementYoshi S.
This document discusses introducing the concept of variety as a measure of risk in financial markets. It defines variety as the dispersion of returns across stocks on a given day, as opposed to volatility which measures fluctuations in the overall market index. The document presents a one-factor model showing that variety and volatility should be positively correlated. Empirical analysis finds variety is correlated with the market return and the correlation differs based on whether the market return was positive or negative. Large positive market days show skewness toward a few outperforming stocks, while large negative days show the opposite skewness.
Дракон в мешке: от LLVM к C++ и проблемам неопределенного поведенияPlatonov Sergey
В этом докладе Дмитрий кратко рассказывает о таком звере, как LLVM, о котором много кто слышал, но немногие щупали.
Что такое компилятор на самом деле? Как происходит компиляция программы, как работают оптимизации и, наконец, откуда берется неопределенное поведение в детерменированных программах на C++?
Our trading infrastructure for next generation trading with quant and automat...Bryan Downing
This document discusses tools for developing trading infrastructure and algorithms. It recommends Matlab for prototyping due to its ease of use, training resources, and acceptance in financial institutions. For implementation, it suggests using Microsoft .NET with C# for the fastest development time to market, and deploying on Windows Server. It recommends IQFeed for real-time and historical market data, and Interactive Brokers for affordable order execution that supports automation through their API. It also promotes joining QuantLabs.net for learning resources.
A Flash Crash Simulator: Analyzing HFT's Impact on Market QualityYoshi S.
A 2014 CFTC report has concluded that the 2010 Flash Crash was not caused by high-frequency traders but was exacerbated by them with their market-making strategy known as the electronic liquidity provision (ELP). This paper presents a computational analysis of the impact of ELP-HFTs on core market quality during a flash crash. Specifically examined is how ELP-HFTs affect the attributes of core market quality such as liquidity, bid-ask spreads, and short-term price volatility. To investigate the question, we build a zero-intelligence limit order book (LOB) simulator from scratch, implement the ELP strategy in it, and execute simulations in which a flash crash is artificially created. Our results show that ELP-HFTs reduce bid-ask spreads, mitigate short-term volatility, and increase total trade volume. The increase in total trade volume is attributed to what is known as the “hot-potato” effect, which was also observed during the 2010 Flash Crash. However, we conclude that the ELP strategy by itself does not amplify directional price moves despite hot-potato effects.
CPU Subsystem Total Power Consumption: Understanding the Factors and Selectin...CAST, Inc.
Power consumption figures for a processor core only tell part of the energy usage story for a CPU subsystem.
Smart IP choices regarding performance, instruction set architecture, required memory operations and size, and other factors can also significantly reduce the real-world total power required for such subsystems. Learn how to better assess these factors through practical comparisons with processor cores supporting the BA2 ISA, which offer both extreme code density and excellent performance (see http://www.cast-inc.com/ba22).
Register for this free webinar:
Dec 13 at 10am Pacific Standard Time (PST) — 1pm USA Eastern, 10am USA Pacific
https://attendee.gotowebinar.com/rt/6662961646095173120
Binary code obfuscation through c++ template meta programmingnong_dan
This document presents methods for obfuscating C++ code through the use of template metaprogramming. It introduces template metaprogramming in C++ and how it can be used to perform computations at compile time. It then describes how to add randomization to template metaprograms using a linear congruential pseudorandom number generator. The document outlines various techniques for obfuscating integer arithmetic operations, including through the use of identities from boolean logic and two's complement arithmetic. It also discusses the insertion of opaque predicates to increase program complexity and generation of dead code. Finally, it covers obfuscating data values through encryption and masking techniques.
The document discusses the importance of land ownership and not taking or selling land without permission. It provides commentary on social and economic development in Cambodia, noting the need to establish clear regulations and management of natural resources for the benefit of the people and future generations.
Cost-Effective System Continuation using Xilinx FPGAs and Legacy Processor IPCAST, Inc.
Presented at X-Day 2011, Israel: Many systems produced 10 or 20 years ago are still viable, but finding parts to replace their old processors is often impossible. An excellent solution is to use legacy IP cores -- such as for a 68000 -- implemented in modern Xilinx FPGAs. Moreover, the great capacity, high speed, and low power consumption of Xilinx devices can provide easy opportunities for significantly improving the competitiveness of existing products.
This document provides an overview of the OTC clearing landscape and requirements for clearing. It lists the basic requirements which include selecting a clearing member and maintaining static and reference data. It describes the key components of an OTC clearing solution such as trade capture, confirmation, position and cash flow monitoring, document generation, and connectivity to clearing houses and trade repositories. The solution offers reusable components, a comprehensive data schema, and connectors to reduce integration costs and manual intervention during information exchange.
CAST BA22 32-bit Processor Design Seminar, 2/1/12CAST, Inc.
Slides from our seminar at DesignCon (updated with current stats):
A New 32-bit Choice: Using the BA22 Processor Core in Deeply Embedded Systems or as a Full Application Processor
C++ on its way to exascale and beyond -- The HPX Parallel Runtime SystemThomas Heller
The High Performance Computing (HPC) community is facing a technology shift which will result in a performance boost by three orders of magnitudes within the next 5 years. This rise of performance will mainly be acquainted by increasing the level of concurrency in such a way that a user of those systems needs to accommodate to billion way parallelism. The main problems to solve are: Programmability, Portability, Energy Saving and Resiliency. The author believes that leveraging modern C++ will lead to a possible solution to those problems from a software perspective.
This talk will discuss the use of C++ in such a massively parallel environment: Using the HPX Parallel Runtime System - a future based API - to present a lightweight and efficient mechanism to support massively parallel, multi-way parallelism.
CAST president Hal Barbour discusses building trust between electronic designers and their semiconductor IP providers at the Constellations Seminar, 3/31/2010, Santa Clara, CA. See www,cast-inc.com for info.
SEC Regulation SCI, ARP Reviews and AuditsJohn Rapa
The document discusses the SEC's proposed Regulation SCI which would require certain key market participants like exchanges and clearing agencies to implement comprehensive policies around their technology. It would replace voluntary guidelines with enforceable rules around areas like systems design, testing, and incident response. Recent market events showed technology failures can impact investors and market confidence. The new rules are aimed at reducing technology problems and ensuring proper response if issues do occur. Tellefsen & Company has expertise in helping clients comply with such regulations through activities like automation reviews, testing, and regulatory filings.
This document discusses algorithmic trading and trading platforms. It provides an overview of EXANTE, a brokerage platform, including its history and unique selling points. It then covers different types of trading including manual, algorithmic, and high-frequency trading. Various algorithmic trading strategies such as trend following, mean reversion, and arbitrage are described. The technical aspects of building algorithms and backtesting strategies are also summarized.
Dmitrii Dolzhenko: “С++ 2017 and Beyond, Deliberate Choice of Programming Lan...LogeekNightUkraine
The document discusses C++, including why developers first choose it, ratings over time, problems with the language, and where it is commonly used. It notes C++ was chosen for its features like operator overloading and being faster than Java, but that it has a steep learning curve and issues like mixed abstraction levels and lack of modules. However, it also provides benefits like speed optimization, real-time capabilities, and leveraging existing C/C++ code. In conclusion, C++ is widely used in applications requiring high performance like operating systems, game engines, robotics, and autonomous vehicles.
This document summarizes key aspects of how Java collections like ArrayList and HashMap work behind the scenes. It describes how they are initialized and structured in memory for different Java versions. It also discusses optimizations in later Java versions like improved hash collision handling in HashMap in Java 8.
Resilience In Action: Lessons Learned From Hurricane Sandy, Paige Poore, IBM ...JakeStead
This document discusses lessons learned from Hurricane Sandy and improving resilience. It provides facts about the damage caused by Sandy. It then discusses observing how Sandy developed and impacted the Northeast. The document suggests learning lessons from one's own experiences and others' examples. These lessons include ensuring people, communications, power, and supply chain risks are addressed in business continuity plans. It emphasizes keeping plans updated, testing them, and engaging leadership.
Featuring PSEG’s Heidi Swanson, Director of Field and Metering Operations,
and Tracy Kirk, Manager of Customer Technology.
Facilitated by DNV KEMA's Don Denton, Vice President of Grid Modernization
(Formerly with Duke Energy)
Engineering Failure(Case Study of Rana Plaza Collapse-An Example of Engineeri...Ariful Islam
Engineering failure occurs when a designed system fails to function as intended, which can lead to disasters. There are various causes of engineering failure, including human factors like negligence, design flaws like improper material choice, and extreme environmental conditions. The collapse of Rana Plaza in Bangladesh in 2013 was a tragic example of engineering failure that killed over 1,000 people. Investigations found issues like inferior materials, unauthorized additional floors, and heavy machinery not considered in the design led to the structural failure of the building. Regional organizations can help advance disaster risk reduction by coordinating efforts between governments and stakeholders.
CPU Subsystem Total Power Consumption: Understanding the Factors and Selectin...CAST, Inc.
Power consumption figures for a processor core only tell part of the energy usage story for a CPU subsystem.
Smart IP choices regarding performance, instruction set architecture, required memory operations and size, and other factors can also significantly reduce the real-world total power required for such subsystems. Learn how to better assess these factors through practical comparisons with processor cores supporting the BA2 ISA, which offer both extreme code density and excellent performance (see http://www.cast-inc.com/ba22).
Register for this free webinar:
Dec 13 at 10am Pacific Standard Time (PST) — 1pm USA Eastern, 10am USA Pacific
https://attendee.gotowebinar.com/rt/6662961646095173120
Binary code obfuscation through c++ template meta programmingnong_dan
This document presents methods for obfuscating C++ code through the use of template metaprogramming. It introduces template metaprogramming in C++ and how it can be used to perform computations at compile time. It then describes how to add randomization to template metaprograms using a linear congruential pseudorandom number generator. The document outlines various techniques for obfuscating integer arithmetic operations, including through the use of identities from boolean logic and two's complement arithmetic. It also discusses the insertion of opaque predicates to increase program complexity and generation of dead code. Finally, it covers obfuscating data values through encryption and masking techniques.
The document discusses the importance of land ownership and not taking or selling land without permission. It provides commentary on social and economic development in Cambodia, noting the need to establish clear regulations and management of natural resources for the benefit of the people and future generations.
Cost-Effective System Continuation using Xilinx FPGAs and Legacy Processor IPCAST, Inc.
Presented at X-Day 2011, Israel: Many systems produced 10 or 20 years ago are still viable, but finding parts to replace their old processors is often impossible. An excellent solution is to use legacy IP cores -- such as for a 68000 -- implemented in modern Xilinx FPGAs. Moreover, the great capacity, high speed, and low power consumption of Xilinx devices can provide easy opportunities for significantly improving the competitiveness of existing products.
This document provides an overview of the OTC clearing landscape and requirements for clearing. It lists the basic requirements which include selecting a clearing member and maintaining static and reference data. It describes the key components of an OTC clearing solution such as trade capture, confirmation, position and cash flow monitoring, document generation, and connectivity to clearing houses and trade repositories. The solution offers reusable components, a comprehensive data schema, and connectors to reduce integration costs and manual intervention during information exchange.
CAST BA22 32-bit Processor Design Seminar, 2/1/12CAST, Inc.
Slides from our seminar at DesignCon (updated with current stats):
A New 32-bit Choice: Using the BA22 Processor Core in Deeply Embedded Systems or as a Full Application Processor
C++ on its way to exascale and beyond -- The HPX Parallel Runtime SystemThomas Heller
The High Performance Computing (HPC) community is facing a technology shift which will result in a performance boost by three orders of magnitudes within the next 5 years. This rise of performance will mainly be acquainted by increasing the level of concurrency in such a way that a user of those systems needs to accommodate to billion way parallelism. The main problems to solve are: Programmability, Portability, Energy Saving and Resiliency. The author believes that leveraging modern C++ will lead to a possible solution to those problems from a software perspective.
This talk will discuss the use of C++ in such a massively parallel environment: Using the HPX Parallel Runtime System - a future based API - to present a lightweight and efficient mechanism to support massively parallel, multi-way parallelism.
CAST president Hal Barbour discusses building trust between electronic designers and their semiconductor IP providers at the Constellations Seminar, 3/31/2010, Santa Clara, CA. See www,cast-inc.com for info.
SEC Regulation SCI, ARP Reviews and AuditsJohn Rapa
The document discusses the SEC's proposed Regulation SCI which would require certain key market participants like exchanges and clearing agencies to implement comprehensive policies around their technology. It would replace voluntary guidelines with enforceable rules around areas like systems design, testing, and incident response. Recent market events showed technology failures can impact investors and market confidence. The new rules are aimed at reducing technology problems and ensuring proper response if issues do occur. Tellefsen & Company has expertise in helping clients comply with such regulations through activities like automation reviews, testing, and regulatory filings.
This document discusses algorithmic trading and trading platforms. It provides an overview of EXANTE, a brokerage platform, including its history and unique selling points. It then covers different types of trading including manual, algorithmic, and high-frequency trading. Various algorithmic trading strategies such as trend following, mean reversion, and arbitrage are described. The technical aspects of building algorithms and backtesting strategies are also summarized.
Dmitrii Dolzhenko: “С++ 2017 and Beyond, Deliberate Choice of Programming Lan...LogeekNightUkraine
The document discusses C++, including why developers first choose it, ratings over time, problems with the language, and where it is commonly used. It notes C++ was chosen for its features like operator overloading and being faster than Java, but that it has a steep learning curve and issues like mixed abstraction levels and lack of modules. However, it also provides benefits like speed optimization, real-time capabilities, and leveraging existing C/C++ code. In conclusion, C++ is widely used in applications requiring high performance like operating systems, game engines, robotics, and autonomous vehicles.
This document summarizes key aspects of how Java collections like ArrayList and HashMap work behind the scenes. It describes how they are initialized and structured in memory for different Java versions. It also discusses optimizations in later Java versions like improved hash collision handling in HashMap in Java 8.
Resilience In Action: Lessons Learned From Hurricane Sandy, Paige Poore, IBM ...JakeStead
This document discusses lessons learned from Hurricane Sandy and improving resilience. It provides facts about the damage caused by Sandy. It then discusses observing how Sandy developed and impacted the Northeast. The document suggests learning lessons from one's own experiences and others' examples. These lessons include ensuring people, communications, power, and supply chain risks are addressed in business continuity plans. It emphasizes keeping plans updated, testing them, and engaging leadership.
Featuring PSEG’s Heidi Swanson, Director of Field and Metering Operations,
and Tracy Kirk, Manager of Customer Technology.
Facilitated by DNV KEMA's Don Denton, Vice President of Grid Modernization
(Formerly with Duke Energy)
Engineering Failure(Case Study of Rana Plaza Collapse-An Example of Engineeri...Ariful Islam
Engineering failure occurs when a designed system fails to function as intended, which can lead to disasters. There are various causes of engineering failure, including human factors like negligence, design flaws like improper material choice, and extreme environmental conditions. The collapse of Rana Plaza in Bangladesh in 2013 was a tragic example of engineering failure that killed over 1,000 people. Investigations found issues like inferior materials, unauthorized additional floors, and heavy machinery not considered in the design led to the structural failure of the building. Regional organizations can help advance disaster risk reduction by coordinating efforts between governments and stakeholders.
Slideshow presentation for Flood Mitigation Symposium, October 4, 2013.
Scott Edelman - Senior Vice President, AECOM Water Resources and past president of the Association of State Flood Plain Managers (ASFPM) Foundation
The document discusses technological disaster management. It begins by defining technological disasters as incidents caused by failures or malfunctions of technological systems. It then outlines the key aspects of managing such disasters, including preparedness, detection and early warning, response, and recovery. Specific examples like the Fukushima nuclear disaster and Deepwater Horizon oil spill are examined to highlight lessons learned. Principles of effective technological disaster management include interagency collaboration, information sharing, and building resilient infrastructure systems. Overall, the document emphasizes that proactive measures and a well-defined management process are crucial to minimize impacts and facilitate recovery from technological disasters.
Business Continuity Management (BCM, BCP) Smaple (Animations don't work in Sl...Alexander Larsen
The document provides an overview of business continuity management based on the BS25999 standard. It discusses the key aspects of a BCM program including understanding the organization, determining strategy, developing response plans, exercising and reviewing plans, and embedding BCM in the organizational culture. The BS25999 standard provides a framework for organizations to identify risks, prioritize critical activities, develop response strategies, and ensure resilience through ongoing maintenance and testing of business continuity plans.
NCA Conference Panel: The Role of Social Media in Hurricane Sandy - A Public ...Sandra Fathi
Presented on November 23rd at the NCA Conference in Washington DC. A look at 3 organizations that grappled with the Hurricane Sandy crisis: Con Edison, MTA, JetBlue. Also includes a 4-Part Crisis Communications Plan: Readiness, Response, Reassurance, Recovery.
The document summarizes Northrop Grumman's experience with and recovery from Hurricane Katrina in 2005. Key points:
- Katrina caused severe damage to Northrop Grumman's shipbuilding facilities and IT infrastructure in Mississippi and Louisiana.
- The company's disaster preparedness helped minimize data loss and enabled relocation of IT workers and restoration of key applications within weeks.
- Lessons learned included keeping data centers out of harm's way, planning for public infrastructure failures, and leveraging suppliers in recovery plans.
System shock analysis and complex network effectsKimmo Soramaki
Joint presentation with Michelle Tuveson and Dr Andrew Coburn from Cambridge Risk Center at the Conference Board Global Risk Conference in New York, 8 May 2013.
Links to conference website: http://www.conference-board.org/conferences/conferencedetail.cfm?conferenceid=2456
David Alexander - The Impact on Business Continuity of Buncefield and Eyjafja...Global Risk Forum GRFDavos
The document discusses two major disruptive events - the Buncefield oil depot explosion in 2005 and the Eyjafjallajökull volcanic eruption in 2010 - and their impacts on business continuity. It notes that the Buncefield explosion damaged over 1000 homes and disrupted over 300 businesses, while the volcanic ash from Eyjafjallajökull grounded flights across Europe, costing the aviation industry $1.7 billion in losses. The document emphasizes that having business continuity plans is crucial for organizations to withstand such disruptions, as evidenced by companies near Buncefield that were able to continue operating due to such plans. It concludes that more severe or prolonged disasters could have much broader economic implications and that organizations
After Hurricane Sandy, Mayor Bloomberg established the Special Initiative for Rebuilding and Resiliency (SIRR) to identify ways to rebuild neighborhoods improved and strengthen infrastructure by learning from Sandy's impacts, assessing future climate change risks, and developing a plan to rebuild and prepare for the future. The resulting plan, "A Stronger, More Resilient New York," includes over 250 initiatives across 4 resilience principles to protect against coastal flooding, extreme weather, and climate change through actions like coastal defenses, building code changes, critical infrastructure upgrades, and community development. The city has begun implementing many initiatives and making progress on milestones while establishing oversight and accountability through
This document discusses the impacts of two major incidents, Buncefield and Eyjafjallajökull, on business continuity and crisis management. The Buncefield explosion in 2005 disrupted over 300 businesses and 3000 residents for an extended period. Eyjafjallajökull's 2010 volcanic eruption grounded flights across Europe for 6 days, costing the aviation industry $1.7 billion in losses. Both events highlighted the importance of business continuity plans and crisis preparedness. The document concludes that more severe or prolonged disasters could have profoundly worse implications, and organizations must use scenarios to improve resilience through learning from experiences.
The document summarizes Cambridge, MA's climate change vulnerability assessment and preparedness planning process. It discusses Cambridge's history of sustainability initiatives, key climate change concerns like sea level rise and flooding, and the two stage assessment/planning process. The process involves climate modeling, impact analyses on infrastructure/health/economy, and engaging expert/stakeholder committees to identify vulnerable areas and recommend preparedness measures.
This document outlines an agenda and scenario for a tabletop exercise on crisis management and the Incident Command System (ICS). The exercise will simulate responding to a severe weather event over several operational periods. Participants will assume ICS roles and use job action sheets, status reports, and planning assumptions to discuss response actions. The goal is to review ICS concepts, experience using the response structure and forms, and evaluate how the approach could be adapted within different organizations. The scenario involves a heat wave and incoming coastal storm forecast to cause power outages, flooding and infrastructure damage over multiple days.
Business Model Canvas-Customer Relationships.htmlOutline1.TawnaDelatorrejs
Business Model Canvas-Customer Relationships.html
Outline
1. The Introduction:
i. The name of the research topic is Hurricane Maria
ii. The weather event occurred in September 2017.
iii. The weather event occurred in Dominica, Puerto Rico, and Saint Croix, particularly the northeastern Caribbean.
iv. The people of the three Island nations were affected by the Hurricane. Around 200,000 Puerto Ricans were displaced, and 2975 people died.
v. Weather remains an essential matter of the 21st century as much of the socio-political debate today revolves around environmentalism and the effects of climate change upon humanity. And due to human activities, the climate is deteriorating quickly, resulting in events such as hurricanes, floods, rainstorms, etc.
2. The Body (Content Sections):
a. Weather Event:
i. Hurricane Maria categorizes as a significant tropical cyclone with the intensity of the 5th category. The Hurricane resulted in landfall in Dominica and was classified as a category four hurricane in Puerto Rica with a wind travelling 100 mph (Keellings, 2019). Both Islands suffered from large-scale damage to property, infrastructure, and human lives because of the storm.
b. Causation:
Hurricane Maria had three key weather events triggering it taking place in the Caribbean:
i. First, the weather disturbance that started as a tropical wave
ii. The Warm Water recorded was at 26.5 degrees Celsius with a depth of 50 meters adding power to the storm
iii. Thunderstorms turned ocean heat into hurricane fuel (Rafael, 2021).
c. Societal Impacts
i. The short-term impacts of Hurricane Maria include damage to the sources of transportation, cut down of all communication lines, and destruction of electricity infrastructure across the Island, which further led to a shortage of hospital facilities (Rodríguez-Madera, 2021). Hence, there was no provision of light, water, transportation or health services because of the Hurricane.
ii. The Long-term effects of the Hurricane include the massive displacement of around 200,000 Puerto Ricans from their home. The destruction of people’s land and property. Moreover, it caused economic damages worth $94 Billion. Also, the Hurricane led to multiple health problems for people concerning eye diseases and liver problems (Waddell, 2021).
d. Weather Readiness:
i. To prevent such damages, one can chalk out emergency phone numbers to contact in case of an event.
ii. The Island nations can create shelters near people’s houses to seek temporary refuge. Moreover, creating routes to access the shelter is essential.
iii. Emergency preparedness plans for hospitals must become mandatory. Moreover, robust infrastructures that can stand such tests should be put together (Arzola, 2018).
iv. Lastly, people should adopt green practices for any climate disturbances that cause such catastrophes.
3. The Conclusion Section:
i. Hurricane Maria remains one of the deadliest climatic events of the 21st century. The event catalyzed by weathe ...
Unti-Claims Handling Following Catastrophes 2013-10Don Grauel
J. Wylie Donald, Esq. of McCarter & English LLP presented “Climate Change- Uncovering Risk in a Warming World” at the October 2013 67th Annual F. Addison Fowler Seminar held by The Insurance Roundtable of Baltimore in Hunt Valley, MD
This document discusses the increasing financial impacts of natural disasters on infrastructure and the economy. It notes the rising costs of major storms and hurricanes in recent decades. The document also examines strategies for improving the resilience of critical infrastructure systems and managing financial risks, such as through catastrophe bonds and insurance. It emphasizes the need to understand economic and financial resilience gaps given growing disaster costs and limited transportation budgets.
The document discusses challenges in implementing earthquake disaster reduction programs. While knowledge and programs have increased, vulnerability has not been significantly reduced. Exposure to risk has grown due to increasing population and development. In developing countries especially, proper knowledge and technologies have not reached non-specialized builders. To promote safer construction, the evolution of local building practices must be understood. Confined masonry, which reinforces masonry, has proven effective at reducing earthquake damage when adopted as a low-technology approach suited to local practices. Overall, simplified and robust structural systems tailored to typical construction are needed.
This document discusses two past workplace disasters: the Pike River Mine explosion in 2010 and the Dreamworld theme park accident in 2016. It analyzes both incidents and identifies 10 common causal pathways that led to the fatal events. These include failures in design/engineering, risk assessment, management systems, oversight, economic pressures, communication, and emergency procedures. The document argues that thoroughly examining past failures can reveal patterns to help prevent future incidents.
Similar to Industry impact and lessons learned from hurricane sandy summary report 010913 (20)
Recently, the SEC adopted new rules to require certain key market participants to have comprehensive policies and procedures in place surrounding their technology (Regulation SCI).
Exchanges, SROs, selected alternative trading systems (ATS), plan processors, and exempt clearing agencies are required to design, develop, test, maintain, and oversee their mission-critical systems.
The rules require them to ensure that their core technology meets certain standards, conduct regular business continuity testing, and provide certain notifications in the event of systems disruptions, intrusions and other events.
Meeting the demanding new requirements imposed upon firms by SEC Regulation SCI is a key issue for many market participants, especially in the areas of independent systems testing and certification.
Tellefsen and Company, L.L.C. (Tellefsen) and Exactpro Systems, LLC (Exactpro) have today announced a marketing partnership in which both firms will collaborate to provide key industry constituents with market structure consulting, financial technology infrastructure testing and software quality assurance testing services.
Evolution of U.S. Financial Markets 2000-2014 John Rapa
The US financial markets have evolved significantly from 2000 to 2014. Exchanges consolidated through mergers and acquisitions, leading to a duopoly of NYSE and NASDAQ. Electronic trading replaced much of the open-outcry model. New entrants like dark pools and alternative trading systems fragmented the markets. Regulation increased with rules like Reg NMS and Dodd-Frank. Technological advances enabled high-frequency and algorithmic trading. Clearing houses also consolidated while taking on more product types like OTC derivatives. The financial crisis of 2008 further accelerated these trends of consolidation, electronic trading, and increased regulation of the US markets.
The document summarizes the Dodd-Frank Act's Volcker Rule restrictions on proprietary trading by banks. It discusses the rule's background and evolution, provides an overview of its key provisions around restricting proprietary trading and hedge fund/private equity investments, and examines the rule's impact on principal trading, market making activities, and affiliated transactions. It concludes by outlining next steps for banks to prepare for Volcker Rule compliance.
The document summarizes a panel discussion on technology solutions for over-the-counter central counterparty clearing. The panel discussed the background and evolution of OTC clearing, including the growth of OTC trading volumes at exchanges and clearinghouses. They also covered the pros and cons of central clearing, such as default protection but also potential margin capital costs. Outstanding OTC volumes for credit default swaps, interest rate swaps, and foreign exchange swaps were shown. The panel then took questions on supporting new standardized products, regulatory changes, and whether firms should build or buy technology solutions for OTC clearing.
2. TABLE OF CONTENTS
Page Number
A. Background 3
B. Executive Summary 7
C. Industry Impact 10
D. Survey Findings 17
E. Lessons Learned 48
F. Anecdotal Feedback 54
G. Conclusions 57
H. Discussion, Next Steps 61
Industry Impact and Lessons Learned From Hurricane Sandy 2
3. A. BACKGROUND
• The Northeast U.S. was devastated by Hurricane Sandy on
October 28-30 2012, but unlike prior hurricanes and
Nor'easters, there was a lead time for those in harm’s way to
prepare, prior to Sandy making landfall on October 30th
• The National Weather Service, National Oceanographic and
Atmospheric Administration and NASA all tracked the storm
via numerous weather models
• Tellefsen and Company, L.L.C. (TCL) developed a
comprehensive survey of leading investment management
firms, relative to key Business Continuity Management
(“BCM”) strategies and tactics.
Industry Impact and Lessons Learned From Hurricane Sandy 3
4. BACKGROUND (Cont’d) …
• Firms were surveyed on the impact to their businesses and
lessons learned from Hurricane Sandy, and provided
feedback on the state of their preparedness and experience
• Survey responses were collected and aggregated without
attribution to any individual or firm, and some respondents did
not answer every question
• The survey encompassed feedback on key BCM metrics:
– Business Continuity Preparedness
– Disaster Recovery
– Supply Chain Disruptions
– Response
– Recovery
– Risk Mitigation
Industry Impact and Lessons Learned From Hurricane Sandy 4
5. B. EXECUTIVE SUMMARY
Sandy - A Storm of Biblical Proportions …
Industry Impact and Lessons Learned From Hurricane Sandy 5
6. EXECUTIVE SUMMARY (Cont’d)…
• Firms were well-prepared, given the advanced warnings and
extensive media coverage
• Firms activated their BCP coming into the weekend and few
had to failover to DR
• Those that planned well generally fared well
• Communication with key staff, decision makers was critical to
the incident management process
• Firms regularly communicated status to staff, clients via email,
direct phone call, web site postings.
Industry Impact and Lessons Learned From Hurricane Sandy 6
7. EXECUTIVE SUMMARY (Cont’d) …
• Metro NYC public transportation was closed, including
bridges and tunnels
• Most staff could work remote via terminal server or Citrix
server connectivity, however, those that lost power and
services were unable to telecommute or collaborate
• The storm caused the closure of U.S. equity markets, which
impacted operations such as valuations, access to cash and
settlements
• Employees were unable to leave home due to storm damage,
lack of transportation or unwilling to leave their families
• Regular and recent BCP awareness training, systems testing
and staff training exercises paid off.
Industry Impact and Lessons Learned From Hurricane Sandy 7
8. EXECUTIVE SUMMARY (Cont’d) …
• The power grid in lower Manhattan was adversely impacted
by the tidal surge, and was ultimately shut down to prevent
further damage, facilitate re-start
• Firms may re-consider the proximity and locations of their
primary and back up facilities, going forward
• The biggest problems were caused by supply chain
disruptions:
– Closure of public transportation
– Closure/inaccessibility of key roads
– Outages with power and telecomm providers
– Staff inability to commute into metro NYC due to downed trees, power
lines and local street closures
Industry Impact and Lessons Learned From Hurricane Sandy 8
9. C. INDUSTRY IMPACT
• Hurricane Sandy made landfall in New Jersey on Sunday
evening October 30
• Sandy brought with it heavy winds, rain, flooding and caused
widespread power outages
• Sandy impacted an area populated by over 50 million people,
a greater impact than Hurricane Katrina
• The heavy winds extended over 500 miles from the eye of the
storm
– In Chicago on Tuesday, 22’ waves pounded the lakefront
• New York City closed public transportation, bridges and
tunnels on Sunday evening.
Industry Impact and Lessons Learned From Hurricane Sandy 9
10. INDUSTRY IMPACT (Cont’d) …
• Power to lower Manhattan was cut by Con Edison on
Monday to protect electrical equipment, as the storm surge
threatened underground electrical equipment, including
transformers and sub-systems
• Due to the closure of public transit and road closures from
downed power lines and trees, employees were unable – or
unwilling - to commute
• Firms with international offices heavily relied on those offices
for operational support and transferred functions to them
• A tower crane collapse in mid-town, cordoned off a 4 square
block area and caused closures and building evacuations.
Industry Impact and Lessons Learned From Hurricane Sandy 10
11. INDUSTRY IMPACT (Cont’d) …
• U.S. equity and equity options markets were closed on
Monday and Tuesday:
– U.S. futures markets opened on Monday, except for equity based
futures products
– Overseas markets were tempered by the closure of the U.S. markets
• From an operational perspective, valuations, access to cash,
money markets, month-end processing and settlements
were impacted by the market closings, as well as
companies’ reporting of earnings
• Some firms had limited operations and IT capabilities, as a
result of their failover to DR mode
• Others experienced loss of key service providers, and/or
counterparties.
Industry Impact and Lessons Learned From Hurricane Sandy 11
12. THERE WAS LEAD TIME PRIOR TO SANDY
MAKING LANDFALL
• NASA, NOAA and major weather services tracked the
genesis of Sandy as a tropical storm in the Caribbean starting
on the prior Monday (10/22)
• They utilized a number of weather models showing likely
trajectories and impact areas
• Sandy slammed into Jamaica and Haiti on Wednesday 10/24
as a Category I hurricane with 80-90 MPH winds
• It then hit Cuba, the Dominican Republic and the Bahamas on
Thursday 10/25 as a Category 2 storm
• Sandy progressed on a NNE track into Sunday 10/28 and
made landfall around Atlantic City NJ on Monday 10/29 as a
Category I storm with 80-90 MPH winds.
Source: LiveScience.com
Industry Impact and Lessons Learned From Hurricane Sandy 12
13. HURRICANE SANDY: PATH AND TIMELINE
Industry Impact and Lessons Learned From Hurricane Sandy 13
15. SOME OF THE DEVASTATION …
Industry Impact and Lessons Learned From Hurricane Sandy 15
16. AND SUPPLY CHAIN DISRUPTIONS…
Industry Impact and Lessons Learned From Hurricane Sandy 16
17. D. SURVEY FINDINGS
I. Business Continuity Preparedness
II. Disaster Recovery
III. Supply Chain Disruptions
IV. Response
V. Recovery
VI. Risk Mitigation
Industry Impact and Lessons Learned From Hurricane Sandy 17
18. I. BUSINESS CONTINUITY
PREPAREDNESS
Industry Impact and Lessons Learned From Hurricane Sandy 18
19. STAFF HAVE ACCESS TO
BUSINESS CONTINUITY
PLANS AND STRATEGY
Industry Impact and Lessons Learned From Hurricane Sandy 19
20. TWO-THIRDS OF FIRMS ACTIVATED THEIR
PLANS INTO THE WEEKEND
Industry Impact and Lessons Learned From Hurricane Sandy 20
21. THE MAJORITY OF FIRMS HAVE
DEDICATED SITES FOR RECOVERY
Industry Impact and Lessons Learned From Hurricane Sandy 21
22. FIRMS DID NOT RE-LOCATE STAFF,
DID NOT PRE-ARRANGE HOTELS
Industry Impact and Lessons Learned From Hurricane Sandy 22
23. THE MAJORITY OF FIRMS HAVE AN
EMPLOYEE NOTIFICATION SYSTEM
Industry Impact and Lessons Learned From Hurricane Sandy 23
24. FIRMS COMMUNICATED WITH STAFF
VIA MULTIPLE MEANS
Industry Impact and Lessons Learned From Hurricane Sandy 24
25. INVESTORS AND KEY CLIENTS WERE
CONTACTED VIA EMAIL, PHONE
Industry Impact and Lessons Learned From Hurricane Sandy 25
26. KEY SERVICE PROVIDERS’ PREPARATION
AND SUPPORT WAS HIGHLY RANKED
Industry Impact and Lessons Learned From Hurricane Sandy 26
27. THE MAJORITY OF FIRMS CONSIDERED
THEMSELVES WELL-PREPARED
Industry Impact and Lessons Learned From Hurricane Sandy 27
28. FIRMS MAY RE-CONSIDER THE PROXIMITY,
LOCATIONS OF PRODUCTION, DR SITES
Industry Impact and Lessons Learned From Hurricane Sandy 28
29. II. DISASTER RECOVERY
Industry Impact and Lessons Learned From Hurricane Sandy 29
30. MOST FIRMS DID NOT FAIL OVER TO DR;
OTHERS DID SO BY SUNDAY PM
Industry Impact and Lessons Learned From Hurricane Sandy 30
31. THERE WAS NO SIGNIFICANT IMPACT TO
FIRMS’ MISSION-CRITICAL SYSTEMS,
INFRASTRUCTURE
Industry Impact and Lessons Learned From Hurricane Sandy 31
32. MOST STAFF COULD TELECOMMUTE VIA
TERMINAL SERVERS OR CITRIX SERVERS
Industry Impact and Lessons Learned From Hurricane Sandy 32
33. III. SUPPLY CHAIN DISRUPTIONS
Industry Impact and Lessons Learned From Hurricane Sandy 33
34. THE BIGGEST DISRUPTIONS:
PUBLIC TRANSPORTATION, ROAD
CLOSURES, KEY SERVICE PROVIDERS
Industry Impact and Lessons Learned From Hurricane Sandy 34
36. INCIDENT MANAGERS WERE ACTIVATED,
COMMUNICATED, AND EXECUTED THE PLAN
Industry Impact and Lessons Learned From Hurricane Sandy 36
37. FIRMS COORDINATED THEIR RESPONSES
WITH KEY SERVICE/SUPPORT PLAYERS
Industry Impact and Lessons Learned From Hurricane Sandy 37
38. MOST FIRMS HAVE DESIGNATED
RESPONSE TEAMS
Industry Impact and Lessons Learned From Hurricane Sandy 38
39. FOLLOWING THE STORM, FIRMS LEVERAGED
GLOBAL SUPPORT TEAMS
Industry Impact and Lessons Learned From Hurricane Sandy 39
40. ALMOST ALL FIRMS HAVE DEDICATED
REPONSE TEAMS
Industry Impact and Lessons Learned From Hurricane Sandy 40
41. V. RECOVERY
Industry Impact and Lessons Learned From Hurricane Sandy 41
42. FIRMS WERE WELL-PREPARED FOR
RECOVERY ACTIVITIES
Industry Impact and Lessons Learned From Hurricane Sandy 42
43. MOST MISSION-CRITICAL FUNCTIONS CAN BE
RECOVERED WITHIN 4 HOURS,
MANY IMMEDIATELY OR WITHIN 2 HOURS
Industry Impact and Lessons Learned From Hurricane Sandy 43
48. E. LESSONS LEARNED
(Incident Managers Must Continue to be Vigilant…)
Industry Impact and Lessons Learned From Hurricane Sandy 48
49. LESSONS LEARNED (Cont’d) …
• Firms that heeded the storm warnings, communicated early
and often, were better prepared and fared well
• Regular BC/DR testing of systems, infrastructure and staff
paid off
• Actions from the authorities to close down mass transit,
highways, bridges and tunnels impacted service providers,
impeded the movement of key staff, support services
• The late decision to close the U.S. equity markets caused
confusion, and impacted key investment management
operations - but was the right thing to do
• Firms are re-evaluating their overall BC/DR preparedness,
including the performance of service providers, what worked
well, what did not, etc.
Industry Impact and Lessons Learned From Hurricane Sandy 49
50. FIRMS TOOK THE FORECASTS SERIOUSLY
AND ACTED QUICKLY
Industry Impact and Lessons Learned From Hurricane Sandy 50
51. WE HAVE A PLAN, IT WORKED !
Industry Impact and Lessons Learned From Hurricane Sandy 51
52. BUT WE DID NOT ANTICIPATE SUCH A
WIDESPREAD EVENT WITH
MULTIPLE POINTS OF FAILURE!
Industry Impact and Lessons Learned From Hurricane Sandy 52
53. FIRMS ARE ALREADY CONTEMPLATING
CHANGES
Industry Impact and Lessons Learned From Hurricane Sandy 53
54. F. ANECDOTAL FEEDBACK
• “We activated our incident management team two days prior to the
storm making landfall”
• “Our plan worked very well, and we feel very good about how we
executed it”
• “Everyone was on notice as of Friday and we monitored the situation
as the storm made landfall. We communicated with our IMT every 8
to 10 hours to keep everyone informed”
• “We did not anticipate that so many users would have to relocate,
due to loss of power at home. Those that did could not easily
telecommute”
• “The biggest impacts were staff's inability to commute, their loss of
telecoms, local power outages and road closures”
Industry Impact and Lessons Learned From Hurricane Sandy 54
55. ANECDOTAL FEEDBACK (Cont’d) …
• “We did not anticipate the length and extent of mass transit outages”
• “We invoked DR and failed-over our servers in advance of the
storm”
• “The two biggest missteps in planning for the storm was that our DR
site is located less than a mile from the Hackensack River, and
relying upon legacy phone circuits to remain untouched”
• “We enacted our BCP days prior to the storm by taking the
necessary preparedness steps, monitoring the storm etc., however,
we did not enact the DR portion of the plan and did not need to fail
over”
• “Our biggest and least expected surprise was Verizon going down,
and not being able to invoke the DR voice plan with VZB”.
Industry Impact and Lessons Learned From Hurricane Sandy 55
56. ANECDOTAL FEEDBACK (Cont’d) …
• “Gas shortages... it was tough to get around, could not get to the DR
site/seats because of the state of emergency”.
• “Phone circuits went down and some tertiary network circuits. Two
of our three primary circuits went down, as well as the primary
inbound phone line (including the carrier's switch), so we couldn't
redirect inbound phone numbers”
• “Our inbound phone numbers came back by 5:30 PM on Friday
November 2nd”
• “So many staff have replaced their analog phone service with VoIP
or broadband packages. After 3-4 hours of the power outage, these
people lost phone service. Those who had old copper, analog phone
service were hardly affected at all”.
Industry Impact and Lessons Learned From Hurricane Sandy 56
58. CONCLUSIONS (Cont’d) …
• Even the most thoughtful, best tested plans do not
contemplate multiple events all going wrong at the same time
• Most firms have implemented a resilient infrastructure and a
mature business continuance structure and business
continuity awareness
• Firms were well-prepared, given the advanced warnings and
media coverage, but going forward, will need to encourage
personal preparedness of staff
• Firms enacted their BCP’s coming into the weekend, but only
a few needed to failover to DR mode
• Those that planned well generally fared well.
Industry Impact and Lessons Learned From Hurricane Sandy 58
59. CONCLUSIONS (Cont’d) …
• Communication with critical staff and decision makers was
key to the incident management process.
• Few had significant damage to mission-critical systems or
infrastructure
• Most staff could work remote, however, widespread power
outages impeded employees’ telecommuting and
collaboration abilities
• Employees were unable to leave home due to local storm
damage, lack of transportation or unwillingness/inability to
leave families.
Industry Impact and Lessons Learned From Hurricane Sandy 59
60. CONCLUSIONS (Cont’d) …
• Many firms leveraged their global offices for support of key
business functions
• Regular and recent BCP awareness, systems testing and
staff training exercises paid off
• Firms may re-consider the proximity and locations of their
primary and back up facilities, going forward
• The biggest problems were caused by supply chain
disruptions:
– Closure of public transportation
– Closure/inaccessibility of key roads
– Outages with power and telecomm providers
– Inability of staff to commute, telecommute
Industry Impact and Lessons Learned From Hurricane Sandy 60
61. H. DISCUSSION AND NEXT STEPS
• What would your firm have done differently if you only had
one day’s notice from the national weather services and the
authorities? Would your firm’s outcome have been the same?
• What if Sandy came further inland, up the Hudson River?
• What if the equity markets opened on Monday?
• What if most of Manhattan lost power for a week?
• How concerned are you about the proximity and location of
your production and DR sites?
• Are there areas where firms can collaborate for services or to
procure equipment to save money and/or to evaluate best
options?
Industry Impact and Lessons Learned From Hurricane Sandy 61
62. DISCUSSION AND NEXT STEPS (Cont’d) …
• Firms should conduct post-mortem evaluations to learn from
the experience:
– What worked well, what didn’t
– Loss of staff’s home computing set ups, telephony
– Identify gaps, update plans, processes and technology
accordingly
• Post-mortem reviews should consider:
– Potential vulnerabilities of key service providers, especially cloud
service providers DR failover capabilities
– Insurance policies for loss of use, flood coverage, etc.
– Diversity of telecoms providers, as those relying on 3G/4G
networks as a back-up were unsuccessful
– Hardening of key staff home set ups.
Industry Impact and Lessons Learned From Hurricane Sandy 62
63. DISCUSSION AND NEXT STEPS Cont’d) …
• Production and DR data center engineering and design
should be revisited for:
– Redundancy of voice and data infrastructures
– Portability of phone systems
– The locations of generators and fuel pumps, fuel capacity
– Review of fuel supply contracts with multiple suppliers from
different routes
– The number and location of recovery site seats for key staff.
Industry Impact and Lessons Learned From Hurricane Sandy 63
64. Be Prepared for The Unexpected Things
That Can Jump Out and Bite You…
Industry Impact and Lessons Learned From Hurricane Sandy 64
65. Tellefsen and Com pany, L.LC.
Business Continuity and Advisory Services
1-212 809 3800
info@tellefsen.com
John Rapa Craig Conti
Industry Impact and Lessons Learned From Hurricane Sandy 65