Treasury Department officials said today that since the Sept. 11, 2001, terrorist attacks, the federal government has stepped up efforts to protect financial markets and the banking system, but they warned that a major attack could still cause disruptions. “We know terrorists are trying to strike us as a world financial center, and in order to counter that we need to be able to demonstrate that the U.S. is a reliable place to engage in financial transactions,” one Treasury official said, speaking on the condition that he not be named. But the official said ensuring that financial institutions will be able to conduct business regardless of the nature of an attack is difficult because of the complexity of the systems that daily move trillions of dollars and execute millions of stock, bond and commodity trades. Full Story
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