In June 2008 the Tripartite Authorities published their high level findings from the Resilience Benchmarking project and progress between 2005 and 2008. Industry comments were invited with the intention of producing a detailed report. However, the FSA received only five responses to the discussion paper and as a result has only been able to produce a much shorter feedback statement.

This can be read here.

The feedback statement includes a listing of future actions that the FSA will take in the resiliency area. These are:

• To conduct a thorough review of the benchmarking approach and update the questionnaire prior to the next formal exercise in 2010/2011.
• To feed concerns over Civil Contingencies Act (CCA) implementation into the Cabinet Office led CCA Enhancement Programme.
• To explore relevant key issues in the next Market Wide Exercise.
• To discuss with key recovery service providers the promotion of greater transparency.
• To work with industry groups to discuss the possibility of targeted exercising for parts of the financial sector.

•Date:30th January 2009• Region: UK •Type: Article •Topic: Financial sector BC
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