UK financial sector market-wide business continuity exercise takes place The desk-based exercise was organised by the financial stability teams at the Tripartite Authorities (HM Treasury, the Bank of England and the Financial Services Authority). More than 1,000 people, from the Tripartite Authorities and some 80 organisations across the UK took part, many holding their own internal business continuity exercises to run alongside the main event. The exercise was also attended by representatives from overseas regulators. The exercise involved a scenario of widespread disruption in London and other financial centres, and included simulated news broadcasts, interviews and market and currency movements. The scenario was designed by Crisis Solutions Limited, KPMG and the Tripartite Authorities with the assistance from the Metropolitan and City of London Police, City of London Corporation, Canary Wharf Management and the London Resilience Team, amongst others KPMG has been engaged to report on the exercise and this will be ready early in 2006. The report will comment on the effectiveness of the sector's business continuity preparations and the Authorities' contribution.
•Date: 29th Nov 2005 • Region: UK • Type: Article •Topic: Financial sector BC |
