Stress-testing excercises aimed at testing further enhancing system’s effectiveness in addressing a crisis situation
Increased participation and encouraging results in second annual test
Urges governments to take a more proactive role in working with insurance industry
Joint Forum issues set of guiding principles
Firms prepared to recover quickly from major disruption
1,000 people, 80 firms take part
Over 150 U.S. securities firms participated with no major problems
Members must have business continuity plan in place by mid-2006
Wall Street successfully simulates response to physical attacks