On Dec. 14, 2010, SEB Finland performed a full contingency test of its sub-custody business in the Finnish market, and the outcome of the test was successful, SEB says.
The test covered access to backup sites, access to all necessary systems at backup sites as well as communication between backup sites. The most critical daily activities were carried out by people located at backup sites. SEB says all functionalities of its systems were fully available and all tasks were completed successfully.
The next test is planned to take place by Q3 2011.