24 September 2017
visit www.avoka.com

UK's financial sector conducts disaster recovery drill

28 November 2005  |  6688 views  |  0 London4

Britain's financial sector is conducting a market-wide business continuity test today that will assess firms' readiness for dealing with a major crisis such as a natural disaster or a terrorist attack.

The FSA says this year's test is the largest business continuity exercise of its type ever undertaken.

Some 80 firms operating from regional centres across the UK are participating in the annual tests, together with the Financial Services Authority (FSA), Bank of England and HM Treasury.

Consultants KPMG and Crisis Solutions planned the scenario that will form the basis of the virtual exercise, while bodies such as the City of London Police, the Metropolitan Police, City of London Corporation, Canary Wharf Management and the London Resilience Team were directly involved in scenario design.

Following feedback from last year's exercise, today's scenario has been designed to offer greater complexity, bringing together media and international dimensions, civil contingencies and business continuance issues.

The disaster scenario was kept under wraps until the exercise itself, but participants were given enough information in advance to enable them to ensure that the right people are involved on the day.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

City financial firms given priority access to telephone network

City financial firms given priority access to telephone network

02 November 2005  |  4852 views  |  0 comments
US financial markets survive disaster recovery tests

US financial markets survive disaster recovery tests

19 October 2005  |  8127 views  |  0 comments
City emergency prompted algorithmic shutdown

City emergency prompted algorithmic shutdown

11 July 2005  |  8004 views  |  0 comments
Bomb blasts rock London

Bomb blasts rock London

07 July 2005  |  8445 views  |  0 comments
Futures firms pore over disaster test results

Futures firms pore over disaster test results

02 November 2004  |  5284 views  |  0 comments
Smaller firms lag in disaster recovery planning

Smaller firms lag in disaster recovery planning

10 November 2003  |  5242 views  |  0 comments
European banks ahead for disaster recovery

European banks ahead for disaster recovery

04 December 2001  |  3271 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comdownload the paper nowvisit www.sibos.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13648 views comments | 29 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
10382 views comments | 14 tweets | 30 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8678 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8616 views comments | 16 tweets | 1 linkedin
ISO 20022: The common language of choiceISO 20022: The common language of choice
8381 views comments | 1 tweets | 2 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job