It is our prediction that it will only take five to ten percent of the world s banks payments systems to not work on that one day to create a global liquidity lock-up. Robert Lau, managing consultant at PA Consulting in Hong Kong. Financial transactions could be delayed, airline flights grounded and national defense affected. General Accounting Office, Gene Dodaro. Even if only a few of the international players are not ready, that could cause havoc in the financial industry around the world, warned the Institute of International Finance.
Financial services are a lot more date-dependent than manufacturing.
Ninety-eight percent correct is not going to cut it. Bank of America Group Executive Vice President Cheryl Kane. We re no longer at the point of asking whether or not there will be any power disruptions, but we are now forced to ask how severe the disruptions are going to be. Head of the Federal Energy Regulatory Commission, James Hoecker. Electric power is the critical utility.