The Japan Securities Dealers Association (JSDA) has set up a working group to prepare a business continuity plan for the Japanese financial services industry. It aims to cover all contingencies, including terrorist attacks as well as natural disasters.
The working group, which will consist of a dozen people drawn from securities houses and banks that belong to JSDA, will identify the kinds of contingency to prepare for; essential activities that need to continue in the event of a contingency; and work out how market participants might co-operate when something happens.