ARTICLE
23 October 2015

Expansion Of The US Board Of Governors Of The Federal Reserve System's Emergency Communications System

SS
Shearman & Sterling LLP

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On October 13, 2015, the Federal Reserve Board issued SR Letter 15-10/CA 15-8 to announce the expansion of its Emergency Communications System...
United States Finance and Banking

On October 13, 2015, the Federal Reserve Board issued SR Letter 15-10/CA 15-8 to announce the expansion of its Emergency Communications System – a service that maintains a database of emergency contacts to allow the Federal Reserve System staff to communicate with financial institutions in case of a natural disaster or operational emergency. The expansion will require supervised institutions to identify and register "designated cyber emergency contact(s)" that Federal Reserve staff may contact in the case of cyber emergencies. The Federal Reserve will periodically test the system to verify the contact's business telephone number and e-mail address and the confirmation of delivery of test messages.

The Federal Reserve Board press release is available at: http://www.federalreserve.gov/bankinforeg/srletters/SR1510.htm and the SR Letter15-10/CA 15-8   is available at: http://www.federalreserve.gov/bankinforeg/srletters/sr1510.pdf.

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