| FSA sets out 2005 business continuity goals
The FSA will continue to work closely with its other Tripartite partners (the Bank of England and the Treasury) and the major market infrastructure providers and participants to help these organisations prepare to handle the consequences of any major disruption to the financial system. 2005 activities will include: * Simulations of business disruptions, as well as of other events which pose a threat to financial stability. This work will focus on the resilience of the City infrastructure, provided by the exchanges, clearing houses and the largest firms. * Ensuring that the FSAs own business continuity arrangements are effective. * Leading a Tripartite project to develop ‘fact books’ containing the key information on firms which the authorities would need in a crisis. * Continuing ongoing work to refine and develop FSA’s own crisis management framework. * Carrying out further testing of the business continuity arrangements of the Tripartite authorities. * Participate in work on financial stability crisis management within the EU and in other international organisations. Read the complete FSA business plan
•Date:
28th January 2005 • Region: UK •Type:
Article •Topic:
Financial sector |
