Bloomberg News

U.S. Regulators Discuss Storm’s Impact on Market Infrastructure

October 30, 2012

The Financial Stability Oversight Council held a conference call for the second straight day to discuss “financial markets and infrastructure related to the impact of Hurricane Sandy,” Treasury spokeswoman Suzanne Elio said in an e-mailed statement today.

“All major payments, clearing, and settlement infrastructures are operating normally, utilizing their backup contingency sites as necessary. Council members also discussed potential challenges that may arise going forward related to transportation, communication and power outages in the New York region.”

To contact the reporter on this story: Ian Katz in Washington at ikatz2@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net


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