Why did the financial system perform so well, and what can be done to ensure the smooth operation of the financial system if wide-scale disruptions recur? These questions are receiving continued scrutiny within government agencies and among industry members, and are the subject of extremely useful discussions, which I think will result in a more secure and resilient financial system.
Preparedness of the financial services sector Financial institutions and markets were able to recover quickly from the 9/11 tragedy for several reasons. First, the financial industry incorporated information technology into its business processes many years ago and since then has encouraged innovations in business process to achieve efficiency and security.