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Financial Information Forum Joins FSSCC; Financial Services Sector Coordinating Council Membership Increases to 31, Representing Thousands of Financial Services Organizations.

NEW YORK -- New York-based Financial Information Forum (FIF) has signed on as the newest member of the Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security (FSSCC), a network of 30 other financial services industry associations and trade groups that work together to protect the national financial infrastructure by coordinating the private sector's preparation for events that could disrupt the normal business of financial services, such as terrorism, natural disasters or cyber attacks.

FIF, a collaborative network of 40+ leading market data vendors, service bureaus, exchanges, and financial institutions, addresses issues relating to technology, regulatory, and market innovations. FIF members are focused on ensuring that market data and processing services lead to informed and efficient trading.

"FIF brings together the most significant market data originators, vendors and service bureaus -- a group of market participants previously unrepresented in FSSCC," said Donald F. Donahue, Sector Coordinator and Chairman of the FSSCC. "Outreach and education is a strategic goal in FSSCC's 2005 agenda, and we welcome the contributions of FIF and their members on these fronts as we work together to enhance business continuity preparations."

"Financial information technology is the lifeblood of the securities industry," said Manisha Kulkarni, Executive Director, FIF. "Ensuring that the securities industry operates effectively during a crisis requires concerted effort on the part of the entire financial information community. Through our participation in FSSCC, we look forward to working with other associations and utilities to share and collaborate on the lessons learned to date, to effectively prepare for emergencies."

About the Financial Information Forum:

The Financial Information Forum (FIF) addresses the issues that impact the financial information industry, from real-time decision support through securities processing. FIF provides a collaborative environment for subscribers to benefit from technology, regulatory, and market innovations. Through FIF's Business Continuity Planning (BCP) Committee, FIF maintains a members' BCP Web site to share contact information, and to keep members alert and updated on the current status of operations during disasters. Financial institutions, vendors, and exchanges are encouraged to join the Financial Information Forum, which serves as a focal point for coordination and communication on behalf of the industry. Prospective subscribers should contact the FIF Program Office at fifinfo@fif.com or call 212.422.8568 for additional information.

About the Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security (CIP/HLS)

The Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security (www.fsscc.org) is a group of 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. In this capacity, the Council works with the Department of the Treasury, which has direct responsibility for infrastructure protection and homeland security efforts for the financial services sector. It serves under the overall guidance of the Department for Homeland Security, under Homeland Security Presidential Directive 7. Since most of the sector is privately owned, the Treasury appoints a private-sector Coordinator with whom to work on these issues. Treasury Secretary John Snow appointed Mr. Donahue to this role in May 2004. The Sector Coordinator also serves as Chairman of the Council.

The Council members include:
America's Community Bankers
American Bankers Association
American Council of Life Insurers
American Insurance Association
American Society for Industrial Security International
BAI
BITS/The Financial Services Roundtable
ChicagoFIRST, LLC
Chicago Mercantile Exchange
CLS Group
Consumers Bankers Association
Credit Union National Association
The Depository Trust & Clearing Corporation
Fannie Mae
Financial Services Information Sharing and Analysis Center, LLC
Financial Information Forum
Futures Industry Association
Independent Community Bankers of America
Investment Company Institute
Managed Funds Association
The NASDAQ Stock Market, Inc.
National Association of Federal Credit Unions
National Association of Securities Dealers (NASD)
NACHA - The Electronic Payments Association
New York Board of Trade
The Clearing House
Securities Industry Association
Securities Industry Automation Corporation
The Bond Market Association
The Options Clearing Corporation
VISA USA Inc.
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Publication:Business Wire
Date:Apr 28, 2005
Words:653
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