Kristin R. MoyerRick DeLotto here again—and I have got to stop watching the morning news.
Here in the US—and maybe in a lot of places– the chances are very good that your local governments are either actually, or contemplating, running out of money. Their next, inevitable step is making drastic cutbacks in the provision of emergency services such as police, fire and emergency and regular medical services. In most cases this is being seen as fewer patrol cars on the street at any one time, and the closure or consolidation of firehouses. Funding is shrinking for local hospitals and emergency rooms as well.
Business continuity managers should immediately determine:
- Have you correctly evaluated the resiliency of the local civil infrastructure in your area of operations to economic stress? Are the same trauma services available as when you last updated your plans?
- What priority will be assigned by utilities, police, fire and rescue to safeguarding bank resources in the event of a general emergency under these circumstances?
- Has the physical security of your sites—and safety of your staff and customers– been reduced by the reduced police presence, increased response time for emergency response, and longer trip to a trauma facility?
- What will the impact be on your site insurance?
Utility companies are feeling the same pinch, and it may take longer to restore power and water in an outage.
This may be purely a case of over-caution… but is another situation where you just can’t afford to be surprised.
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Category: Customer Executive Decisions operations Tags: BCM DR, BCP, contingency planning, critical infrastructure, enterprise risk management, financial crisis, financial meltdown, Operational risk
