Re: Disaster Recovery Locations

Posted by Roberta Lewis (152.163.252.100) on April 11, 2004 at 16:25:01:

In Reply to: Re: Disaster Recovery Locations posted by Brenda Oberto on January 03, 2003 at 16:48:57:

: There is something the Federal Reserve is working on for banking/clearing houses where they are suggesting 200-300 mile distance and 2-4 hour recovery time, however in reading the detail, it looked like it would be staged based on how big a player you are. The intent is to not have to shut down the market, like they did for 9-11. I found the document at the Federalreserve.com, but don't have time to find it again. If you email me, I can email you a white paper I have. Good luck.

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: : Is there a regulatory requirement coming into effect next year that mandates financial institutions to have recovery sites a Minimum of 500 miles from their location? Is it for hot sites, or for IT systems?? We were told that it used to be 50 miles and it is now increasing to 500 miles and it goes into effect in the first quarter of 2003.

: :
: : I have never heard of specific requirements for location, and find it hard to believe that government would impose such.

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: : Please let me know if this requirement is valid.

: :
: : Thank you

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: : There is something the Federal Reserve is working on for banking/clearing houses where they are suggesting 200-300 mile distance and 2-4 hour recovery time, however in reading the detail, it looked like it would be staged based on how big a player you are. The intent is to not have to shut down the market, like they did for 9-11. I found the document at the Federalreserve.com, but don't have time to find it again. If you email me, I can email you a white paper I have. Good luck. : : : : : Is there a regulatory requirement coming into effect next year that mandates financial institutions to have recovery sites a Minimum of 500 miles from their location? Is it for hot sites, or for IT systems?? We were told that it used to be 50 miles and it is now increasing to 500 miles and it goes into effect in the first quarter of 2003. : : : : : : I have never heard of specific requirements for location, and find it hard to believe that government would impose such. : : : : : : Please let me know if this requirement is valid. : : : : : : Thank you

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