Banks test disaster recovery sites on coronavirus fears
Banks are sending hundreds of staff to test their UK and US disaster recovery sites, installing big screens in traders’ homes and pushing regulators for a reprieve on trading rules so they can keep their businesses running through a coronavirus outbreak.
The efforts by big global banks including Goldman Sachs, JPMorgan Chase and Morgan Stanley are an escalation of business continuity planning that has already prompted them to segregate staff in Asian cities at the epicentre of the coronavirus outbreak.
