Ben S Bernanke: Long-term fiscal challenges and the economy Testimony by Mr Ben S Bernanke, Chairman of the Board of Governors of the US Federal Reserve System, before the Committee on the Budget, US House of Representatives, Washington DC, 28 February 2007.
Financial utilities, counterparties, and customers reported some difficulties in establishing communications because backup information had not been shared or was not current. Moreover, assumptions that key personnel could be relocated proved wrong. A variation of that business-resumption model includes shifting operations to the backup site on a regular basis.