New York (CNN Business) JPMorgan Chase is bracing for the coronavirus outbreak by asking thousands of its employees to work from home for a day to test contingency plans, a person familiar with the matter told CNN Business.

The move shows how seriously the largest bank in the United States is taking the risks posed to its operations by the fast-moving health crisis.

JPMorgan's JPM Contingency planning atconsumer bank, code-named "Project Kennedy," included asking 10% of the staff to work from home for a day to test their remote access capabilities, the person told CNN Business.

Employees at other divisions, including JPMorgan's investment bank, have also been asked to work from home, the person said.