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Sandy’s impact to the financial district in Manhattan was severe, especially in the downtown Manhattan area, which is the hub of many global financial institutions and one of the worst affected areas in NYC. The consequences from Sandy included market disruptions and closures during the storm, spanning the NYSE, NASDQ, US Futures, US Equity, and Equity Options.
Given the vast amount of information presented to-date, it is still very important that the financial sector revisit the surprises from Sandy to ensure that critical financial services are better protected. A team of experienced BCM advisors gathered the recommendations in the accompanying table from industry thought leaders in leading global financial services companies to learn from their perspectives.