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Wall St tests its defences against pandemic and hacking assaults

Wall Street is to test its defences against a deadly pandemic as the financial services sector takes part in simulated exercises to prepare for a wave of global threats.

Banks, broker dealers and asset managers will be asked to show how they would function if up to 30 per cent of their staff were unable to work because of the H7N9 bird flu virus or the Middle East respiratory syndrome (MERS) virus that has been circulating in the Middle East.

Government bodies including the Federal Emergency Management Agency and the US Department of Health and Human Services will take part.

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