LESSONS LEARNTPresented to ACSDA Conference, April 2013

THE CALM…• JCSD/JSE well documented and tested BCP– Robust infrastructure– Remote-operation capabilities– Inland real-time hot-site– Collaborative agreements

• Experienced several hurricanes before• Pre-hurricane season drills/fail-overs• Risk checklist implemented at storm warning– Generator fuel/emergency notice system– Key contacts and stakeholders notified

THE STORM• Oct 22, 2013 – Tropical depression formed– Just south of Jamaica, heading NNE– Upgraded to tropical storm later that day

• Oct 24 – Slowed and strengthened, headed N– Upgraded to hurricane– Moves slowly across– 80mph winds/Cat. 1

• Oct 25 – Hits Cuba• Goes on to become

“Super-storm Sandy”

JamaicaHaiti

THE EYE

DAMAGE

Crops and livestock lost Widespread power disruption

1 person killed

Many roads closed

Minor infrastructure

THE IMPACT• Schools, businesses, market closed Oct 24 - 25• Central Bank closed, no settlement possible• JCSD functional (remotely)• Banking resumed Oct 26• JCSD operates from on-site– Skeleton crew, generator power– Calendar reset due to intervening inactive days– Clean-up over weekend

• Brokers, participants knew of BOJ notices before we did

LESSONS LEARNT• Preparedness of other stakeholders is critical– Attempt co-ordination of alerts/notices– Agree timing and scale of responses

• Further improve remote access capabilities– Allow remote reset of calendar, etc.

• Again consider negatives of physical location• Widen emergency communication measures– Include “non-critical” staff, other stakeholders– Include key media outlets