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 In
November the UK’s Tripartite financial authorities (HM Treasury,
the Bank of England and the Financial Services Authority) led a
major exercise of the UK’s financial market’s business
continuity processes, especially its crisis communications capabilities.
KPMG, the exercise’s coordinator,
has now published a report detailing the findings from the exercise.
The report concludes that:
• The exercise was a significant
success;
• All involved positively want to participate in the next
exercise;
• The Tripartite authorities have overcome a degree of scepticism
and gained momentum which must be maintained;
• The steering group structure worked well and should be retained
for next year; and
• The peer group structure worked well within this exercise
and should be considered as an option for the next exercise.
The report recommends that a series of
smaller events should be held which will lead up to the next major
exercise later in 2005.
Read
the executive summary (PDF)
•Date:
6th January 2005 • Region: UK •Type:
Article •Topic:
BC general
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