March 06, 2007 12:12 ET

FSSCC Annual Report Outlines Sector Plan to Protect the Nation's Critical Financial Infrastructure

CHICAGO, IL -- (MARKET WIRE) -- March 6, 2007 -- The Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security (FSSCC) has published its 2006 Annual Report describing the organization's efforts to enhance the sector's resiliency and providing a showcase for the banking and finance Sector Specific Plan.

This is the third Annual Report produced by FSSCC, and it again highlights the initiatives undertaken by FSSCC members to protect the financial system from natural and man-made disruptions.

At the core of the 2006 Annual Report is the Sector Specific Plan for Banking and Finance, which joins 16 other SSPs as a part of the National Infrastructure Protection Plan identified in Homeland Security Presidential Directive 7.

The Banking and Finance SSP outlines a strategy for working collaboratively with public and private sector partners to identify, prioritize and coordinate the protection of critical infrastructure. It also describes how this public-private partnership has become part of the fabric of the sector in the four years since it was created. The SSP also describes areas where work remains to be done within the structure of a vibrant public-private partnership.

"The first four years of FSSCC set a solid foundation that has allowed the organization to mature," said George S. Hender, Chairman of FSSCC. "Today we are able to look beyond those necessary immediate reactions to September 11 and focus on broader business continuity preparations and the impact of cross-sector resiliency issues."

About FSSCC:

The Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security ( is a group of more than 30 private-sector firms and financial trade associations that works to help reinforce the financial services sector's resilience against terrorist attacks and other threats to the nation's financial infrastructure. Formed in 2002, FSSCC works with the Department of Treasury, which has direct responsibility for infrastructure protection and homeland security efforts for the financial services sector, while also serving under the overall guidance of the Department for Homeland Security.

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