WASHINGTON (MNI) – The following is a statement issued by the
Treasury Department late Tuesday:
Secretary Geithner this evening convened members of the Financial
Stability Oversight Council by telephone to continue the discussion on
financial markets and infrastructure related to the impact of Hurricane
Sandy. The Council welcomed today’s announcements that all U.S.
equities, bonds, options and derivatives markets will open for normal
trading on Wednesday, Oct. 31, 2012 notwithstanding the serious storm
impact in the New York region.As with yesterday, all major payments,
clearing, and settlement infrastructures are operating normally,
utilizing their backup contingency sites as necessary. Council members
also discussed potential challenges that may arise going forward related
to transportation, communication and power outages in the New York
region. The Council will continue to monitor the situation closely in
the coming days.
** MNI Washington Bureau: 202-371-2121 **
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