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WASHINGTON — The Treasury Department has announced that it will sponsor an industry-wide exercise in the fall for the financial services sector to test its response plan for pandemic.

“A lack of preparedness could turn a biological problem into one that seriously affects the availability of financial services to Americans and the global economy,” Treasury Deputy Assistant Secretary for Critical Infrastructure Protection and Compliance Policy D. Scott Parsons said. “While the industry has taken up its responsibility and improved its response plans, there is still much work to be done. Treasury is encouraging financial institutions of all sizes from across the country, including banks, credit unions, securities firms and insurance companies, to participate.”

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