Insights from Abacus Group

The Importance of a Business Continuity Plan

Abacus Group - Dec 4, 2019

The following article was written by Matthew Hilsenrad, Director of Disaster Recovery at Abacus Group, and originally appeared on Markets Media.

It’s becoming a faded memory, but only seven years ago the financial capital of the world – New York City – was nearly brought to its knees by Mother Nature. Hurricane Sandy flooded the NYC subways and tunnels, blacking out most of Lower Manhattan. The New York Stock Exchange and NASDAQ were closed for two days. The storm cost New York State a staggering $32billion, New York City $19 billion and the U.S. economy an estimated $65 billion.

Topics: Markets Media- Disaster Recovery- Business Continuity

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Filtering Out the Noise

Abacus Group - May 18, 2012

Markets Media By Steve Marlin - May 18, 2012

A cacophony of information impedes regulatory risk management.
Amid a heightened level of regulatory scrutiny, capital markets firms are trying to filter out the noise to get a more precise view of vital information needed for assessing performance, risk and compliance.

“Regulatory risk is pressuring firms to refocus on their data strategies and their ability to rapidly analyze data, collect information and accurately respond to demands for reporting and transparency,” said Jeremy Skaling, head of product management at Eagle Investment Systems, a subsidiary of BNY Mellon that provides data management, investment accounting and performance measurement systems.

Topics: Markets Media- Blog

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