US Treasury applauds industry work on back-up systems
NEW YORK – Communication and redundancy protocol within the US financial services sector has improved dramatically in the last five years making the American banking system the most resilient and secure in the world.
That is according to Scott Parsons, deputy assistant secretary of the US Department of Treasury. Addressing the Financial and Banking Information Infrastructure Committee (FBIIC) in New York the day after the fifth anniversary of 9/11, Parsons took time to reflect on how things had changed for financial institutions since that morning.
"Developing and sharing accurate and timely information about threats is critically important. Through organisations like the FBIIC we have made dramatic
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