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> How does a bank prepare for a pandemic? Mostly by business continuity planning. For example: Having a spare, idle, fully equipped trading room into which the
by CaptainZapp 7y ago
> How does a bank prepare for a pandemic?
Mostly by business continuity planning. For example: Having a spare, idle, fully equipped trading room into which they can split off half of the traders and, by having more space, distance them better. Traders can't really do home office, after all.
Expensive? Sure, but much cheaper then having to cease trading due to a pandemie.
Banks are in the business of managing risks. And I can assure you that a hell of a lot of thought and planning goes into such events.
And a pandemie is actually an event, which is not that unlikely, that a serious, responsible risk planner wouldn't consider it.
We see that quite drastically right now.