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.”
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