1. Recovery of Financial Services Firms in the World Trade Center,Post 9/11/01.
- Author
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Beacham, Alyson E. and McManus, Denise Johnson
- Subjects
- *
EMERGENCY management , *CRISIS management , *SECURITIES industry , *FINANCE companies , *FINANCIAL institutions , *FINANCIAL services industry - Abstract
This article examines the adequacy of disaster recovery planning in the financial services industry, as evidenced by recovery efforts of the financial services firms located within the destroyed Twin Towers in New York City. As the financial services sectors, and the securities industry in particular, were heavily concentrated within the World Trade Center towers, several such firms have emerged as those most affected by the September 1lth attack. In this article, the disaster recovery planning in place and the process of rebuilding since the attack will be examined for the following three securities firms: Cantor Fitzgerald LP; Keefe, Bruyette & Woods; and Sandler O'Neill & Partners LP.
- Published
- 2004
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